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0 pointseatsyourtacos2y ago0 comments

>Why would this benefit society?

To put factual and open information out there of how companies consistently just fuck with all of us and get away with every little thing they can because "profits!" and "their duty to investors!". e.g., the biggest lies our societies ever came up with

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lotsofpulp2y ago

It is already open information that pretty much every seller of everything in the whole world tries to sell for as high of a price that they think can get.

And that purchasing power of currencies will go down over time.

Vicinity96352y ago

>And that purchasing power of currencies will go down over time.

This is only true when you keep printing more of it. The creation of currency outpacing the creation of value is inflation.

c0pium2y ago

Inflation existed for currencies that were on the gold standard too.

There was over a decade of QE which the rainmakers said would totally cause inflation. It didn’t.

Then there were supply side shocks which would definitely only cause transitory inflation. Also wrong.

Then we learned that sentiment causes it, and in the middle of terrible sentiment inflation went down.

Every complex problem has a simple, intuitive, easy to understand wrong answer. It is not an exaggeration to say that we do not know what causes inflation.

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