506
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Dec 2023
506 points (96.5% liked)
A Boring Dystopia
9736 readers
680 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
All I'm really saying is: "artificially driving inflation is a bad idea and here's a historical precedent that supports this." I'm not saying it's an identical situation. I know that it's not.
I'd even argue that artificially driving up inflation in a controlled way is a good idea in certain situations. If you're a nation with good domestic production of vital materials (food, fuel, etc), and have a strong export market with a strong currency, your strong currency drives down exports.
Increasing inflation makes your currency worth less, allowing other nations to buy your exports in larger quantity. China has done this for years artificially keeping their currency value low.
Like everything else with monetary policy, each thing is just a tool. Its possible to use it to create as well as destroy.