Oddbean new post about login | logout Inflation is literally a policy of explicit, persistent impoverishment of the middle and lower classes to support the corporate and banking class. Anyone who supports it should be treated delicately, like a brainwashed cult member, because that’s what they are. The idea that literal forced poverty is good for the economy is equal parts retarded and insane.
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We live in what Mises called state socialism (or statist, not sure about the English translation). It's based on caste system, where all economics is controlled by "wise" elite group of "experts" choosen, supported and enforced by a state. Their goal is to redistribute the wealth and power by status and loyalty to the state.
So it's working as designed ...
Until enough of the livestock catch on to the scam, yep...
Hope is that it will just fall apart as all sicialist societies. Just might not be fast enough to prevent collateral damage
Meh, then I'll sit off the coast under canvas until it gets quieter for now, hopefully before it goes belly up I'll manage to get something with a small cabin that is still shoal draft.
Extreme right conspiracy theorist
You forgot racist 😉
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I have just genuinely been sat at my local bar during last orders. The lad who served me is a 3rd year "Economics" student. I asked him 2 questions. I asked him what causes inflation and I also asked him what "Base money" is. He largely, looked at me as though I was the stupid one😳😂. He genuinely couldn't answer either question. Jesus fucking christ. That was one of my notes from earlier on tonight!
Imagine if a publicly traded company had an "inflation target" for their stock. "We will issue as many shares of stock as necessary every year to make sure the value of each share falls by 2% annually. The new shares will go to the board, management, and a few well connected insiders." Imagine what would happen to the stock of any company that tried that. Yet that's exactly what the banksters do with our money. They've just been successful enough at brainwashing and gaslighting people to keep the scam going for way too long. Imagine what will happen to fiat once people start to understand the banking and monetary system the way Henry Ford did. https://open.substack.com/pub/f0xr/p/money-as-equity?r=3i492j&utm_campaign=post&utm_medium=web
It's psychotic. 100%. As I noted a while back "Everyone's familiar with the moral question 'would you steal to feed your child. The answer is yes. Financially compromised people tend to forgo their morals." Another example of the same concept; where employers for high position management or sales jobs will NOT hire someone who's not DEEP in debt, because they know they can absolutely OWN those who are. So it's one of the reasons they let value seep out of YOUR money, in addition to the fact that it seeps TO them.
This entire thread is gold. nostr:nevent1qqsfxrfsfqpth4r0lgwyn2dcdutalwdu69leqv64rlxdykny0xu5jxqpzamhxue69uhkzarvv9ejumn0wd68ytnvv9hxgtczyzu7we2xhgry2mknq8v7227yn7jguu9xhu3g90n6rtnjj3mpyq3acqcyqqqqqqgwyn5wv
This is not really true. Inflation is a byproduct of people wanting free stuff from the government. Unfortunately, those most ausceptible to the harms of inflation are those most likely to be taken in by politicians who promise free stuff to them. Given this has been happening since ancient rome, I'm not convinced that this is something humans will ever be able to get rid of.
