Posted by DigiNomad on 27th of Mar 2024 at 03:20 pm
There are a few voices emerging on this issue, but it's not
enough. Protest is all we have, but it's hard to protest things you
don't understand (not impossible, but difficult). Without protest,
politicians have a big green light flashing to spend however they
damn well please and take it directly from middle class savings to
bump the ultra wealthy up to obscenely wealthy. 1 massive march
against Gov deficit spending induced inflation with media coverage
would put a stop to a lot of it pretty quickly. Silence just gets
us more of the same.
Many literally cheer when the dollar weakens. It's completely
nonsensical.
Posted by mastermind on 27th of Mar 2024 at 04:09 pm
I think that kind of data is a little deceptive. It just
reinforces the effect of long term compounding - in this case
compounding of inflation. Obviously a dollar is not what it used to
be, but then, people have a lot more of them than they used to,
right? And would you have wanted to be around in the 30's when the
purchasing power of the dollar was increasing? That's because most
people didn't have dollars to spend, so supply of goods outstripped
demand for them.
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Almighty Buck (LOL)
Posted by steve on 27th of Mar 2024 at 03:15 pm
Purchasing Power of USD 1920-2024
twitter.com
There are a few voices
Posted by DigiNomad on 27th of Mar 2024 at 03:20 pm
There are a few voices emerging on this issue, but it's not enough. Protest is all we have, but it's hard to protest things you don't understand (not impossible, but difficult). Without protest, politicians have a big green light flashing to spend however they damn well please and take it directly from middle class savings to bump the ultra wealthy up to obscenely wealthy. 1 massive march against Gov deficit spending induced inflation with media coverage would put a stop to a lot of it pretty quickly. Silence just gets us more of the same.
Many literally cheer when the dollar weakens. It's completely nonsensical.
I think that kind of
Posted by mastermind on 27th of Mar 2024 at 04:09 pm
I think that kind of data is a little deceptive. It just reinforces the effect of long term compounding - in this case compounding of inflation. Obviously a dollar is not what it used to be, but then, people have a lot more of them than they used to, right? And would you have wanted to be around in the 30's when the purchasing power of the dollar was increasing? That's because most people didn't have dollars to spend, so supply of goods outstripped demand for them.