/biz/ - Business & Finance

>>27161134
>asset owners win by default against wage earners
>government gets to keep piling on debt to fund buying the votes of the bottom third of society
>facilitates pretend-growth to keep the system going that saps the future prosperity of people
>flushes capital out of the safest investments into riskier ones, so you can't opt-out of the system without penalty
Bonus meme is that when inflation rises above "a little" they just shift the scope and composition of what they measure, which is why the insane cost increases in housing, education and healthcare aren't reflected in the various official inflation metrics released by the guvment

The official argument is of course that without "modest inflation", savings would rise and cause a deflationary spiral that would result in sustained, widespread economic contraction with ruinous consequences. That is true in the sense that the current system of talmudic debt-tax cattleranching nightmare can not function without continued expansion of debt, however an economy based around providing tangible goods and services instead of peddling limitless borrowing would settle into a natural cycle of varying periods of inflation and deflation.

dömp it

pomp it