So much debt. What can men do against such wreckless rates?

boomer could get a job right out of house school with a simple hand shake and afford enough for a house, 2 cars, stay at home wife, 3 kids and their college tuition, a cottage for the summer (with a boat of course), and a vacation every other year.

Inflation happens because because governments borrow more than they can realistically pay back. That's a general human fact. It gets overlooked by people who see the same growth measured in bigger numbers as something good because they're idiots who love seeing big number go up. What the fuck were you even implying?

Yes, but you see it's natural for a civilization that experiences massive technological progress to cost more though because of, uh, maths. It's just science, there's nothing you can do about it. Now, about that student loan. I know it was for $20,000 and you've paid $40,000 of it but you still owe $20,000. Better get to work champ!

Inflation is inevitable given human nature

Why can't the government just stop printing money?
Its not that complicated

What the shit is going on over here?

Were you about to eat that Hobbit's legs?

You do, scum, and you'll find the Horsemen of Rohan and I have something in common.

...and something about taxes

to serve their needs

needs

greed

If government is so expensive to the detriment of it's people, why do we need government?

Inflation as a baseline is completely reasonable policy. It however has to be paired with wage growth otherwise wealth inequality just grows exponentially. The people with good bargaining positions (in demand jobs and labor unions) get cost of living adjustments. The issue is so many people are in precarious work positions and have no leverage to negotiate for raises. So inflation puts a clock on their income. Reasonable countries peg minimum wage to inflation to create a steady upwards pressure for wages

Nothing comes from nothing. Deflation requires money to get more valuable (equate to more goods and services) without providing or creating anything in return. This cannot work so something has to give. That something usually being complete economic shutdown followed by hyper inflation. A low and steady rate of inflation is really so only workable system

The gold standard should never have been abandoned

governments borrow more than they can realistically pay back. That's a general human fact

How is this a human fact? I've never been in debt. Seems like we have a problem with shitty governments, I don't see how it's in our very nature to be in debt.

Yep. I'm 200K+ in the green and a homeowner. Not having any problems with debt whatsoever. Don't spend money that you don't have and don't spend money on things you don't need. You telling me government suits with them thar fancy old collagey degrees can't figure it out? Huh.

how is inflation, i.e., purely a tax on the poor, "completely reasonable"? my stocks and properties don't go down in value with inflation, I'm not incentivized to spend my hoarded money on anything. in fact, I'm incentivized to just keep putting it into assets that won't depreciate, just rich people shuffling money around to each other. but the suckers putting their money in the bank just lose the equivalent of inflation every single year. never mind how cash quickly becomes worthless. it's a recipe for making people NOT plan for the future.

wind farms everywhere

electricity bill goes up

Uhm? What is this wizardry?

live in a building for 10 years

uhm acktshually sweaty even though the building still serves it's intended purpose perfectly well, you see, technically it's worth less now because economics

oh never mind the economy did a thing it's worth more now

Putting it in assets is the opposite of hoarding. It‘s used to invest and increase productivity. It‘s not a tax on the poor because investing can be done at any size of capital. I‘d agree that the us system of immense medical costs paired with deductibles on medical insurance and other lack of social safety net requires people to have some cash on hand. But again that‘s not a fault of inflation but of social policy. People have been telling you for 15 years not to just keep money in the bank. Don‘t tell me you actually did that.

most eloquent conservative economist.

I don't see how it's in our very nature to be in debt.

Have you ever procrastinated?

a newborn baby is richer than most americans. obviously, the current policies are not helping anyone except the already well-off, who are the ones being told by their peers not to put money in the bank. you can go full-laissez faire and say that the stupid and ignorant deserve to get fucked, but at least then by honest about that, don't frame this total buttraping of the idiots it as "completely reasonable". well, I guess you think they deserve to get fucked then it would be. but most people would probably not interpret those words that way.

To the point where I ended up owing the thing I was supposed to do a bunch of money? No, not really.

live in a building for 10 years

owner pumped 10% of the original value back into the building for repairs and maintenance

new road, a subway connection, a glass fiber connection and general expansion of the surrounding neighborhood with new commercial zoning laws has made this land a lot more attractive for construction

NOOOO!!!! THE MARKET VALUE OF THIS BUILDING CANT INCREASE, ITS LIKE, STILL THE SAME BUILDING!!!! HELP ME KARL MARX!!!!

Just expand on why you think it's part of human nature, I don't want to go back and forth.

value of a thing increases

value of currency decreases

now you can't buy thing in the land your ancestors settled

hmm yes this is fine

Your issues are real. Blaming it on inflation is ridiculous and unfounded. The main issues as I see them is your inability to negotiate for higher wages and labor being taxed disproportionately to capital. This not inflation is why the working class is being choked dry and the rich are steadily getting richer. Focusing on inflation as a policy is a terrible way to improve your situation. its in fact a complete waste of time and political capital to the point where you‘ll forgive me for thinking it‘s a psyops.

there was once some pedophile economist called keynes who publicly bragged about shagging teenage boys
throughout his lifetime he came up with theories such as "deflation will cause a death spiral in an economy" or "low inflation is actually good" and gave guidelines on how a state that micromanages fiscal policy can essentially "solve" the economy

his teachings got incredibly popular in the last century, especially among left-wing people and other statists, because they provided a pseudo-scientific framework to justify state interference
they also got thoroughly disproved and caused massive suffering to the economies that dabbled on these teachings, such as stagflation
investopedia.com/articles/economics/08/1970-stagflation.asp

the myth of "deflation bad" was also thoroughly crushed with the rise of the tech sector which has been on a deflationary state for decades now

keynesian teachings eventually had to be rebranded in other ways to remove the stigma but still persist in public thought, largely thanks to propaganda and brainwashing
MMT is currently the most mainstream post-keynesian school of thought

Blaming the left for keynsian monetary policy is actually hilarious. Meanwhile trump is tweeting a powell to cut rates already. It‘s monetary policy the world around because it‘s the only sensible monetary policy.

the myth of "deflation bad" was also thoroughly crushed with the rise of the tech sector which has been on a deflationary state for decades now

I‘m genuinely fascinated to learn what you meant by this

You're still thinking of governmental debt in terms of "money" which is really a convenient simplification for us plebians. At the highest level of influence where you literally dictate your economy, debt is really just borrowed action, a promise to do something in the future which is dictated by humans who are still vulnerable to the allure of procrastination.

Usury you say?

But this promise is never fulfilled. Hasn't America owed China like a trillion for 20+ years? Ain't nobody ever paying that shit.

Blaming the left for keynsian monetary policy

didn't "blame the left", it's a fact that leftists love keynsian policy and have historically been rabid defenders of it

Meanwhile trump is tweeting a powell to cut rates already

trump is a retard

I‘m genuinely fascinated to learn what you meant by this

lol

a few decades ago computers were for the richest only. then for the upper-middle class. eventually normal households could afford them. now even thirdworlders living in trash can get smartphones
you get it? this is a deflationary industry
i have $500. i can spend them today for a gpu
1 year later i can spend $500 for an even better quality gpu, or spend $400 instead for the gpu that would have costed $500 in the previous year
this is the epitome of how a deflationary economy would have looked like and there exist none of the dangers that keynes proposed
no economic slowdown
nobody hoards their wealth endlessly because they want to increase their buying power
no death spiral

human nature is deflationary: technology, progress and efficiency drop prices down and make everything more affordable
a farmer produces 1 unit of produce per day, then a new fertilizer is invented so his output is doubled. now the unit of produce will inevitably get cheaper
this is a good thing, not a disaster

Exactly

Okay, so you just don‘t understand what deflation is. Unsurprisingly common with your lot.

see

Stop the soapboxing. There is a difference between not caring about your issues (that are also my issues) and not agreeing with your policy solution.

Well good luck. The populists are gonna keep telling you about inflation being the enemy, all the while never doing anything about it because even they know it‘s a stupid idea. Meanwhile your actual problems keep getting worse because no one bothers to address them, in fact you‘d be getting angry if anyone were to address them.

I just wanted a taxposting thread.

What can men do against such reckless partisanship?

Kek

holy dunning kruger