tell me you don’t know how economics work, without telling me you don’t know how economics work:
I guess prices will fall back to where they were 3 years ago… no wait, they won’t, right?
we will never see any meaningful deflation, since that’s about as dangerous as Venezuela style runaway inflation. it literally freezes markets, causes massive layoffs that make the covid era look humane, and stops all investment.
3% is a healthy annual level of inflation for any developed economy.
I mean, back then with Paul Volcker in the 70s we did like 20% rate hike… and now we can’t even go to 6% without destroying the whole world’s economy.
the 20% was for a span of a few months during an era of rampant inflation in America because the dollar was overvalued after WW2 and the late 60s-70s saw it come to its actual market value after being artificially driven up by the new industrial demand for gold and the “gold standard” (something I find funny is that Libertarians rave about the gold standard but, then ignore the fact that they just abstract the fiat to the metal, and then tie the value of the money to the new fiat currency), and all of this during a global financial crisis… but that wasn’t covered in the fun libertarian cartoon you watched eh?
Government debt is at 33 Trillion, and the government is struggling to pay the interest of that debt, leave alone the debt itself…
meaningless, completely and utterly meaningless, as long as the government continues to pay the extremely low interest rates on that debt it is a safe way (for overwhelmingly Americans btw) to safely store assets long term, but like all libertarians you will ignore how state financing works because you believe we should live in a world ruled by the free market or some shit like that.
and lastly, your entire post has shown a staggering lack of even any fundamental economic history outside a few fun facts you might find on the bottom of libertarian Snapple caps, this is how economics works, I recommend you look into some macroeconomics.
tell me you don’t know how economics work, without telling me you don’t know how economics work:
we will never see any meaningful deflation, since that’s about as dangerous as Venezuela style runaway inflation. it literally freezes markets, causes massive layoffs that make the covid era look humane, and stops all investment. 3% is a healthy annual level of inflation for any developed economy.
the 20% was for a span of a few months during an era of rampant inflation in America because the dollar was overvalued after WW2 and the late 60s-70s saw it come to its actual market value after being artificially driven up by the new industrial demand for gold and the “gold standard” (something I find funny is that Libertarians rave about the gold standard but, then ignore the fact that they just abstract the fiat to the metal, and then tie the value of the money to the new fiat currency), and all of this during a global financial crisis… but that wasn’t covered in the fun libertarian cartoon you watched eh?
meaningless, completely and utterly meaningless, as long as the government continues to pay the extremely low interest rates on that debt it is a safe way (for overwhelmingly Americans btw) to safely store assets long term, but like all libertarians you will ignore how state financing works because you believe we should live in a world ruled by the free market or some shit like that.
and lastly, your entire post has shown a staggering lack of even any fundamental economic history outside a few fun facts you might find on the bottom of libertarian Snapple caps, this is how economics works, I recommend you look into some macroeconomics.