Comment by slopinthebag
8 hours ago
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
8 hours ago
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
government policy definitely has the greatest power to create (or destroy) wealth, there are a lot of things wrong with economic policy in this country, but floating currency exchange is not one of those problems.
I would argue that any policy that allows the government to print money freely and inflate the currency is a major thing wrong with a country.
Several of them would have protested if they could have found the right arguments.
And you'd be wrong. It's not even difficult to understand why. Uncontrolled inflation is bad. Deflation is much, much worse. You do not want deflation. It rots your economy and nukes lend and spend. We trade a small amount of inflation to avoid the nuke that is deflation.
This is, like, one of the few things economists -- even most of the crazy ones -- agree on.
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the best way to expand your worldview is to consider that time series charts do not tell a whole, or even accurate, story, a lot of the time. for example, looking at a chart of a line going up and to the right for money supply isn't as meaningful as you think it is.