• electriccars@startrek.website
      link
      fedilink
      arrow-up
      7
      arrow-down
      17
      ·
      1 year ago

      Yes sir. Wouldn’t want regular folks to be able to retain the value of their savings! Government’s restricted to being fiscally responsible instead of printing their way out of problems with the hidden tax on the poor that is inflation? Ridiculous!

      • gonzo0815@sh.itjust.works
        link
        fedilink
        arrow-up
        17
        arrow-down
        10
        ·
        1 year ago

        Read about the great depression or the deflationary economics in Germany right before the Nazis took power. Deflation sucks, we already experienced it and we don’t need to try it out again.

      • Lucidlethargy@sh.itjust.works
        link
        fedilink
        arrow-up
        3
        ·
        1 year ago

        Oof, that’s not how economics works.

        Inflation is good so long as wages are rising with it. It’s killing us right now because wages are stagnating hard right now.