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1. kuteboiCoder (kuteboicoder@subs4social.xyz)'s status on Thursday, 05-Sep-2024 01:51:53 JST kuteboiCoder

   • Haelwenn /элвэн/ :triskell:
   • iced quinnsmas :blobcatsanta:
   • ≠
   • Angry Sun

   @amerika@annihilation.social @sun@shitposter.world @lanodan@queer.hacktivis.me @icedquinn@blob.cat
   
   Libertarians don't understand how the economy works; low-to-moderate inflation is Good, Actually.
   
   Inflation makes stonks go up, and also provides a slight discount on interest-bearing debts. Everybody has debt; and if you don't, then your customers do. If you own or develop property, you need loose credit so that people can buy your assets.
   
   As long as real inflation is lower than Treasury interest and real GDP growth, then nobody is actually losing their savings due to inflation.
   
   You know what's really bad? Deflation. That's when an 8% loan requires, in effect, 10% or 13% interest to repay because money is more scarce and more valuable. If you have no debts at all, and if you own a restaurant or a car dealership or any business that relies on consumer's discretionary spending, you are fucked.

   • ≠ (amerika@annihilation.social)'s status on Thursday, 05-Sep-2024 01:53:18 JST ≠

     in reply to

     • Haelwenn /элвэн/ :triskell:
     • iced quinnsmas :blobcatsanta:
     • Angry Sun
     @KuteboiCoder @sun @lanodan @icedquinn
     
     I disagree; demand-based systems like that force the monetization of EVERYTHING.
     † top dog :pedomustdie: likes this.