175
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 16 Jul 2024
175 points (96.8% liked)
politics
19089 readers
3826 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Let’s take all that “how DARE Biden let there be inflation, doesn’t he understand my grocery bill” energy and apply it to this here comment right here
Honestly, in terms of my own personal beliefs, I agree with you. I think if the workers that make the US economy operate decide to bring it to its knees until it starts treating them like humans again, fuckin God bless ‘em and I’ll start eating ramen and eggs until they’re done. I just think it’s a little much to ask a US President to commit the political suicide that would be allowing that to happen (in particular because, given how eager people are to blame him for inflation that wasn’t his fault, I don’t think they would react well to a big economic disruption and lots of inflation that actually was squarely his “fault”).
i don't give any credence to any argument that involves inflation. i don't believe anyone makes any decision that causally increases or decreases the buying power of a dollar, except perhaps the buyer and seller in any transaction, but only within the confines of that transaction, anyway. i do care about people being able to overthrow the capitalist system and the president stepping in and saying "no" is fucking infuriating.
I think we're done here
oh, ok.
Even though you don't like capitalism, you would benefit from reading some basics on economics.
this is posturing and rhetoric. it is not evidence of a natural phenomenon called "inflation"
If a country's monetary authority decides to increase the money in circulation (like what happened during Covid), which lowers demand because there's now more of it, that's certainly somebody influencing inflation. I'd like to hear how it's not.
that's story-telling. it's a myth. everyone could have chosen not to accept higher prices, or levy them. then what? did "inflation" still happen?
It's not that hard. Think of it in terms other than money. You have a stick of gum. You want to trade this for a lollipop. That's fine, you find someone with a lollipop and make the trade.
Next day, someone comes along with an infinite lollipop-making machine. People start handing out lollipops. The same guy from yesterday comes to you and wants to buy 15 more sticks of gum with his fresh lollipops he just got from the lollipop printer. Well, turns out, you've been amassing lollipops too because of this. You now demand 10 lollipops for the stick of gum, because you have the last three sticks and everybody including you are swimming in lollipops.
You'd have to be a complete idiot to continue selling sticks of gum for one lollipop, and if you are, you are definitely going to be taken advantage of and are going to get cleaned out of all your gum.
Economic forces don't just stop existing when capitalism does. People will continue to be people. I say this as an anarchist.
this is storytelling, it is not evidence of a testable causal relationship
It's been tested. Many, many times in history. Weimar Republic. Zimbabwe. Venezuela.
there is no way you tested a bubblegum and lollipops economy with an infinite lollipop machine, and if you did, the results are not applicable to the economies of Venezuela or Zimbabwe