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Cake day: April 29th, 2025

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  • The further you get from the gold standard the worse life you’ll have. Though you might have more social media and gadgets you’ll have a smaller house and worse quality food/services, as everything is financialized through debt in a futile attempt to force the elderly who own all the assets to consume every greater amounts, as automation progressively decreases the costs and companies find more advanced ways to shrinkflate products.






  • toastmeister@lemmy.catopics@lemmy.worldthey are not wrong
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    15 days ago

    Can you explain it to me because I’d love to know more. My base assumption is if the US had a spike in food prices would they not dramatically increase interest rates, until food prices deflated?

    Rising rates would then drop their current asset bubble due to a contraction in money supply. Hence it could be seen not to be as much a tax as it would be a large amount of pain for existing asset holders who hold nominally valued assets, which would mainly be the rich?

    Another assumption I’d make is higher inflation would also lead to a lower unemployment and greater wage pressure, due to the phillips curve?