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[–] 14 points 1 year ago (22 children)
  • [–] 58 points 1 year ago (4 children)
  • [–] 4 points 1 year ago

    For the longest time on 4chan’s literature board (which was a pretty useful and interesting place overall), there was a guy who would spam pictures and fan fiction of the girl from Willy Wonka getting turned into a blueberry.

    I have weird fetishes, so I don’t judge too much, but wtf.

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  • [–] 4 points 1 year ago (8 children)

    Are you seriously asking for a list of every economic downturn in history?

    When prices drop, unemployment goes up, people can't buy shit, rinse and repeat.

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  • [–] 11 points 1 year ago* (3 children)

    I think its more weird that in this situation where the cost of goods is raising faster then even the ’ normal ‘ rate faster then wages… you guys respond with it being preferable to the polar opposite…

    Sure you may be dying of thirst, but it’s better then drowning! Completely ignoring like reason and stuff.

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  • [–] 7 points 1 year ago (1 child)

    The situations end up exactly the same. Either things cost more than you can afford, or your money ain't worth shit to be able to afford anything. The only real difference is which number is fucked up: the price of the goods or the value of your money.

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  • [–] 6 points 1 year ago (2 children)

    Okay, show me this happening. Because literally every economic crisis I've had the privilege to live through, thanks the the Keynesians, the Chicago School of Business types, and Friedmans, has been associated with inflation.

    Show me. Prove it. These economists make claims and don't have to back them up with empirical data or theories that predict future states of the world.

    I don't make the assumption something is true because it sounds good and tells a good story. Prove it.

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  • [–] 1 point 1 year ago* (7 children)

    Deflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.

    If you have debt, deflation increases the value of your debt making it harder to pay off.

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  • [–] 5 points 1 year ago (2 children)

    If deflation was persistent, couldn't debt have a very low or even negative interest rate?

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  • [–] 4 points 1 year ago (1 child)

    Inflation makes goods aka stocks increase value, which makes rich fucks that live on loans be able to then ask another loan for a bigger amount to pay off the loan from before just because their assets passively rose in value.

    It's the scam by which the ultra rich live by doing absolutely nothing while the rest of us that are saving for a house or whatever see our savings year by year diminished.

    Yeah fuck that.

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  • [–] 2 points 1 year ago

    The issue is that they even get loans when they have no real collateral to give.

    Most people also have savings or a pension fund which is indirectly put into the stock market, that's how you get interest etc.

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