/biz/ - Business & Finance

Bitcoinian now

>>11647046
Keynesian goyim, inflation is good for you

>>11647046
>>11647061
>>11647068
None of you are actually economists, understand economics, or have any interest in economic theory. You just repeat buzzwords you don't understand.

>>11647130
POO POO PEE PEE NIGGER FAGGOT

>>11647130
>lets just print a shitload of money and "invest" it into the economy
>its fine, who cares about the long term
>in the long term we are all dead anyway
t. retarded keynesian

>>11647046
Austrian

>>11647130
>Make a thread about economics trying to get people who know more about economics to talk about economics
>HUUUUUURRRR DUURRRR I AM SMART YOU KNOW NOTHING

KYS

austrian. vienna is a really nice city.

keynes was a visionary
hayek was blind

>>11647046
Austrian ofc

https://youtu.be/CbVQN_e0hi4

>former century economic theory has any relevance today
kys

>>11647046

take the Trumpian economic red pill faggot

>tfw Schumpeter didn't start his own school of though

Keynesian if I'm the one controlling the central bank.

>>11647530
Very true

>>11647046
Centrally issued currency is an apparatus of the state. In the age of nation states in which we are currently living its final stages, only keynesian economics makes sense.
Austrian might be useful if bitcoin ever takes off as some kind of major reserve currency

Watch Milton Friedman’s on inflation and tell me if your still Keynesian.

>>11647545
bitcoin is like a stock ticker, its like saying APL is a major reserve currency

>>11647584
>Friedman’

>>11647545
>state consumption is growth
kys

>>11647611
The last 300 years was built on states, so historically, yea it worked.

>>11647046
Islamic

>>11647639
This but unironically.

>>11647130
what's there to understand? that the kikes print mony whenver they want, buy out all the land and real estate while the average citizen is FORCED to take a loan for 35 years because there is no other way to not be a rentcuck forever?
Inflation is a way to steal from the poor and give to the rich

Are you trolling or just stupid?

>>11647632
>liberal lefty tries to rewrite history on /biz/
States didn't produced growth by consuming.
They merely helped more or less to stimulate private
economy by keeping their nose and greedy fingers out.
A Nigger consuming tax financed welfare and buying a snickers
is a net lose because it requires 20 more fat asses to leech off taxes
to manage the nigger buying a snickers

>>11647610
Yes, he's a jew, we all know that like we all know you're a poor permavirgin.

>>11647737
its a joke, you jew incel

>>11647710
>Inflation is a way to steal from the poor and give to the rich
Ask me how I know you don't understand inflation.

>>11647046
A cross over between the Chicago School and the Austrian School.

>>11648119
I don't need to ask anything, you're a brainwashed npc thinking that inflation is as much of a natural thing as sun rising in the morning. Most millenials don't even see it as something unnatural and most boomers benefit from it since they already got their houses and huge ass backyards

>>11648260
Ask how I know you don't understand inflation.

>>11648379
Ask how I know you are a coolaid drinking NPC

>>11648379
he's right and you're a sperg who hasn't provided a single argument, kek

>>11648411
>>11648448
>inflation hurts the poor more than the rich
One last time: ask me how I know you don't understand inflation.

>>11648463
ask me how I know you're a sperg irl

>>11648448
he probably has a Good Goy degree in "finance" and thinks we will beg him for his "knowledge"
I've seen many brainwashed cucks like that who think they are smarter than everyone else because they got themselves in debt for a useless degree.

>>11648463
The rich can park their profits/savings into whatever they want, poor people's option are very limited you fucking npc, what's average joe gonna do with his savings? put it on some BS saving fund with 2% growth (before taxes of course) while the actual inflation is fucking 6% or so.

Go suck a jewish dick you filthy subhuman

>>11648473
No really, I dare you. Ask.

>>11648463
>NPC memeing
>incapable of saying what he has in mind because he knows he's wrong, but can't admit it
Sperglord supreme

>>11648506
>No really, I dare you. Ask.

>>11648505
Inflation devalues savings, not income you dolt. The middle class lives on income, while the rich live on savings. Inflation has the opposite effect of what you are claiming, but you're too much of a turbobrainlet to realize that.

>>11648577
lol
imagine unironically thinking this
good goy

>>11648577
And what is income you retared? it instantly becomes savings (at least a portion) for everyone who isn't a pathetic kike slave spending their entire income on jewish toys in fear of inflation while the kikes are raking in the only valuable assets on this planet (houses, apartaments, land, parking lots) keeping the goyim at leash.

The rich have enough income to convert it immediately into more and more real estate.

You are a disgusting kike.

>>11648607
Imagine not being able to understand something as simple as inflation.

>The rich have enough income to convert it immediately into more and more real estate.
Empirically that is false. The upper class has a significantly higher savings rate because expenses don't scale with income. Also are you capable of writing coherently, or has /pol/ given you Tourette's?

>>11648607
Imagine not being able to understand something as simple as inflation.

>>11648630
>The rich have enough income to convert it immediately into more and more real estate.
Empirically that is false. The upper class has a significantly higher savings rate because expenses don't scale with income. Also are you capable of writing coherently, or has /pol/ given you Tourette's?

>>11648666
>Empirically that is false.
nice buzzword you got there, sure you convinced everyone

>The upper class has a significantly higher savings rate because expenses don't scale with income.

dude if you think you're gonna derail the (((thread))) with your buzzwords you are wrong. Point stays the same, the rich can quickly flip their income into more investments like rental properties compunding their income.

The poor have limited options and don't even often have the time to research them (they are all shit btw like I said, not even close to matching inflation let alone beating it). You are expecting every citizen to be a fucking investor on the side after they come from work just to not let the kikes steal their savings via inflation?
What kind of a piece of shit are you? I know the kikes brainwashed you well but I hope that you're at least aware of your actions.

>>11647810
I just voted for Bolsonaro, that don't turn me into a jew, nazi scum, I'm conservative and Christian.

>>11648741
Holy shit, how retarded are you? There is tons of economic research out there that shows the rich have a significantly higher savings rate than the middle class and you can look it up whenever you like. You are the king of brainlets if you think actual economic data is a buzzword.

>>11648779
>There is tons of economic research out there that shows the rich have a significantly higher savings rate than the middle class and you can look it up whenever you like.
Ok and so what? Like I said they make enough to quickly flip that into more investments.

Are you trying to tell me that the rich have a harder time getting rid of useless FIAT (hot potatoe) than the poor or what?

>>11647810

>>11648796
But in the real world, the raw data shows that they don't. Is it rational? No. But that's what ends up happening for whatever reason.

>Are you trying to tell me
The only thing I'm telling you is that you're a brainlet who doesn't understand inflation.

>>11647254
Vienna is full of sandniggers. Rest of austria is beautiful

>>11648828
you are a fucking retard, stick your (((data))) up your ass you gullible fuck. What a brainwashed npc

Too bad real world doesn't support your (((data))), inflation benefits the rich and fucks over the poor.
Please give me a blueprint for life in modern economy for someone who just finished school and makes let's say 25k after taxes. What is he supposed to do with his savings? keep it in fiat like a good goy shooting himself in the foot? or lock his money in a good goy fund with 1.5% interest after taxes ?

>B-but muh data
some fucking real estate tycoon buys a new appartament every week and is laughing his ass off at inflation and wageslaves coming to him politely asking to rent his shitbox worth $2m or chained into jewish shackles for 35 years (if they want to have "their own" house that is)

>b-but muh data
yea, go back to take some more good goyim courses you cuck, what a fucking idiot, I just wasted my time arguing with a troll or a retard anyway my time was lost

>>11648796
>Are you trying to tell me that the rich have a harder time getting rid of useless FIAT (hot potatoe) than the poor or what?

what are you doing on /biz/, you retard?

>>11648893
I don't know if this is satire, but I'm screencapping it either way lmao

Chicago

>>11648932
That's Austrian
you mong

>>11648893
>When you communicate in jews and cucks

>>11647710
one of the most retarded posts I've ever read on biz

>>11648260
doubling down on retardation

>>11648741
>empirically is a buzzword
>meanwhile anon says kike and NPC a dozen times per post
tripled down

>>11648893
and now I have cancer

top fucking Lmao

>>11648828
Are you saying the rich put their money into savings accounts? I seriously doubt there's any data that support that in this day and age. Post recession savings accounts have yeilded a net loss every single year. Anyone putting significant cash into them won't stay rich for very long.

But then again the data say that inflation is at 2% and unemployment is under 5%, yet everything is 2x more expensive and every job opening has 50 people responding to it. It really makes you think.

>>11648893
Lay off the /pol/ buddy, it's rotting your brain.

>>11648914
>>11648917
>>11649260
>>11649333

still 0 arguments, not even surprised, come back when you actually have something to say you idiots

>>11649386
You haven't provided any arguments either anon
All you've managed to do is rattle on about properties and claim it's impossible for lower and middle class citizens to invest in deflationary assets, while screaming kike or cuck or using parentheses every fifth word.

>>11648893
>he only speaks in memes

dumbfuck lol

fedian.

>You are expecting every citizen to be a fucking investor on the side after they come from work just to not let the kikes steal their savings via inflation?
>You expect people to manage their money? HOW DARE YOU

>>11649481
meant for>>11648893

>>11649426
> it's impossible for lower and middle class citizens to invest in deflationary assets

It's harder for the poor to beat inflation than it is for the rich, how is that not a fact? The entry barrier to those assets is high enough to force the poor into holding fiat or using some (((alternative))) instruments that won't even match inflation

trying to change to subject with brainlet memes or complaining about using the word "kike" is exactly kike tactics.

>>11649481
>manage
if there wasn't inflation people wouldn't be forced to (((manage))) their money, they could simply put some aside every paycheck without worrying that some kike will still it from them by pushing a button
Besides that, I already told you, poor people have limited options, but you're so smart so please tell us, how are poor people supposed to match inflation (no, it's not 2% so don't even try that)

>>11649526
steal*

>>11649526
>theres advantages to being rich! How dare they!

stupid commie

>>11647187
That sums it up pretty well. Keynesianism is for people who can't see more than one year into the future.

>>11649526
Yes, rich people are better off than poor people. It has always been this way. Even when the dollar was backed by gold...
What would you propose instead to prevent such unequal distribution of wealth?

You know, at heart, every business executive is conservative fiscally. But keynesian policies understood by them, is what enables them to exploit the market and take a bigger and bigger share of profits.

I'm austrian at heart, but this keynesian crony capitalism, wannabe fascist government makes many dumb people rich; use it to your advantage.

I know many CEO / CIO tier blokes who """hate trump""" yet will disown their kids for losing their virginity begore marriage, call those on welfare "cancerous leeches" etc. No leftie makes it up the corporate ladder effectively, simply because they don't understand enough to make effective business people.

If youre a keynes, you're going to fail because you can't objectively look at monetary policy and use it to your advantage, let alone exploit it.

Keynesian trends and a bubble economy are great- you can leverage and have literally no risk if you understand the fundamentals and work with them.

Im an ausfag and & the property market might be collapsing in sydney and melb, but the government effort to reflate the bubble is going to be nationwide.

>>11649545
>stealing savings from people by printing currency out of thin air has nothing to do with fair competition you brainlet

>>11649552
sure rich are better off by definition, but I'm not asking to take away from the rich, I'm asking to stop stealing from the lower and middle class, there is a difference

>>11649526
You're exactly right. Credit (causing inflation- is literally an increase in the monetary supply) is the reason for accelerating wealth inequality. Lower class and more-increasingly middle class can't borrow for shares, an investment property, or business. Trapped renting, working for someone else, they're stuck there. Inflation rapes them.

>>11649380
I like how none of the faggots supporting inflation didn't respond to this comment.

>>11647046
Austrian

>>11649577
It is fair competition, fuckhead. Do you think rich people sit around all day and have way more time than poor people? Want to guess how I know you are poor?

On purely technical metrics, Keynesianism is far superior. I oppose a scientific managerial state, but only a retard would call it inefficient.

>>11649526
You fucking retard, you're rambling about inflation But deflation is worst
You just want perfect inflation -inflation that matches the growth rate of the economy-

>>11649607
the poor cannot successfully defend against inflation you retard, the rich can do it easily and since the poor become dependant on the rich (wageslavery, renting) it sure as fuck benefit the rich to have an inflationary system. what else there is to explain you idiot?

How is deliberate devaluation of a currency by the state a fair game? I'm asking agin what are lower and middle class people supposed to do with their fiat income according to you? answer that if you're so smart

>>11649652
you are the retard, there is nothing wrong with having a neutral state (called "stagantion" to make it sound like it's something bad while devaluation of a currency is called "inflation" as if there more=better, "deflation" = something is deflating = bad, even the fucking language used to describe everything is completely backwards to make the goyim think everything is how it should be)

>muh growth of the economy
you have to wagslave more and more years to afford a house, WOW SUCH STRON ECONOMY WOW
SUCH PROGRESS

Poor people can't defend against inflation except for invest in stocks or bitcoin..
Also because of our inflationary economy it has provided them with work they otherwise would not have.

>>11649678
>everyone plays by the same rules
>however the rich have an advantage
>this is wrong
You're a commie but too dumb to realize it. Btw rich people in a deflationary economy have even more power than they do now. It is easier than ever to make money today. I cant imagine being a dumbfuck like yourself.

>>11649380
Based and redpilled
>>11649678
You're also missing that most of the money created through inflation by the state it's funneled to the rich through tax cuts, subsidies and corruption in contracts
Or even retarded monetary policy, like the Feds QE

>>11649724
Maybe he just believes in sound money?

>>11649773
Why? So millions of people can lose their jobs? Dumb fucking idea

>>11649711
>Poor people can't defend against inflation except for invest in stocks or bitcoin..
so basicly forcing them to gamble just to be able to keep what they deserve for their work while the rich are raking in the sure bets that basicly are real estate and acres of land

>Also because of our inflationary economy it has provided them with work they otherwise would not have.
that's what the education system wants you to believe. What would actually happen would be replacing bullsiht jobs with the meanigful ones. Housng would more affordable while a nail salon could go up in prices (I'm sure you have backwards priorities like every keynesian so that would be bad for you)

>>11649724
you are a fucking retard if you believe what you're saying. And always jumping from one extreme to another. WHY NOT HAVE A NEUTRAL STATE (0 inflation)) you fuck? Oh, no more stealing from the poor? too bad.

You are the fucking commie here. I'm not asking to take anything from the rich you retard do you understand that? can your little brain process this? All I'm asking is to stop stealing from the poor/middle class, how is that something bad you idiot?

>>11649561
>I know many CEO / CIO tier blokes who """hate trump""" yet will disown their kids for losing their virginity begore marriage

where do you live? iran?

>>11649787
You disgust me with how dumb you are.

>replace meaningless jobs with meaningful ones

You mean forcing people to work in a fucking mine instead of starting their own business? But its meaningful right? If that isnt the most commie shit I've ever heard LMAO. Do you realize how many people have started business and made money from crazy ideas?


>Housng would more affordable while a nail salon could go up in prices (I'm sure you have backwards priorities like every keynesian so that would be bad for you)

>people want to buy things. This is wrong.


God you are just getting dumber and dumber

>>11649823
>You mean forcing people to work in a fucking mine instead of starting their own business?
>how many people have started business and made money from crazy ideas?

Because you FORCE people to support that shit by threatening them to steal money from them through inflation, so in desperation those poorfuck end up buying shit like fidget spinners or usin a dog grooming salon, but do you think they are actually happy with the way things are? do you think the average citizen puts a fucking iphone ahead of somethng called "your own house/apparatament"

>b-but muh progress
>b-but muh growth

Growth my ass, while the standard of living goes down, more wageslavery more debt, while the rich are living better than ever thanks to the poor's suffering, sure economy/life is not a 0 sum game, but the rich do fucking benefit from the inflationary system the most.

You think people didn't have jobs before we started printing money out of thin air? you think a bus driver that could afford a house after a few years of work was complaining about the lack of inflation? How fucking dense do you have to be to actually believe all this keynesian crap.

>>11649787
>so basicly forcing them to gamble just to be able to keep what they deserve for their work


fucking retarded incel who speaks in memes cant do research LMAO.

>>11649872
0 arguments again.
I'm doing better than fine thanks to crypto, so suck my balls you fucking loser, you all probably think I'm poor because I don't suport this satanic inflationary system right and defend regular average citiznes interest? Maybe I'm not a piece of shit like you trying to be edgy and posing as some warren buffet spitting on the lower classes just to boost your internet ego.

>>11649864
>You think people didn't have jobs before we started printing money out of thin air?


Technological advancement increased at a rapid pace in the last 50 or so years and a lot of it is because of inflation allowing people to spend and new companies/jobs to form, but you're too dumb to know that.


>Because you FORCE people to support that shit by threatening them to steal money from them through inflation

Lol? Forcing people to pursue their dreams? You clearly don't know what you're talking about and have clearly never had a job. A fucking cashier/bus driver was never meant to support a whole family by themselves.


Maybe if you convinced people to stop having kids we could get away from inflation, but in this world we have now it doesnt work

Anon is unironically a fucking communist Lmao
Oh my God

>>11649893
>I'm doing better than fine thanks to crypto

Another word for "I don't have a job". You got lucky with a once in a lifetime opportunity and you claim to have same interests of the average citizen. How ironic. Your shitcoins mooned because of dumb money, retard

>>11649920
>Technological advancement increased at a rapid pace in the last 50 or so years and a lot of it is because of inflation allowing people to spend and new companies/jobs to form, but you're too dumb to know that.
Free market works perfectly fine without fucking inflation. Artificially forced "progress" only lowers the standard of living in the long run

>Lol? Forcing people to pursue their dreams?
I'm not talking about those starting those BS businesss, I'm taling about the customers who are indirectly forced to suppport that shit by inflation. You think if the average citizen had an option of putting money away knowing it won't deppreciate would spend it on some stupid shit? No, he would stick to things that he really needs or really enjoys, now we have a situation where people (again only lower and middle class because the poor give 0 fucks) are indirectly forced to get rid of their money. The poor are the ones fueling this ponzi and the rich only take profits because they don't have to spend money on thngs they don't need, they have a huge ass gate of investment opportunities wide open in front of them all the time.

>Another word for "I don't have a job".
I actually work for myself you retard, but just because I'm doing fine doesn't mean I'm gonna support this retarded system that fucks over good and honest people.

>>11649938
you are the fucking commie, I already told you I'm not trying to take a single fucking dollar away from the rich you retard, is wanting to have a currency that isn't constantly devalued a communistic idea? tell me you idiot, go ahead

>>11650014
because the rich give 0 fucks*

>>11648577
Youre a retard. The rich dont have savings, they have levered financial assets (mostly real estate and stocks with corporate debt/mortgages). Poorfags have cash and fixed salaries (unless they switch jobs). Who is really benefitting from inflation in this scenario?

>>11650014
>Free market works perfectly fine without fucking inflation. Artificially forced "progress" only lowers the standard of living in the long run

Actually false, but that's not the first lie you've said so whatever.


>The poor are the ones fueling this ponzi and the rich only take profits because they don't have to spend money on thngs they don't need, they have a huge ass gate of investment opportunities wide open in front of them all the time

>let me ignore the fact that it is easier than ever to move up financially in this world and and argue that people shouldnt have to manage their money

>I actually work for myself you retard

Haha and he supports deflation. The hypocrisy is amazing. You're actually too ignorant to argue with

>>11648577
Are you retarded? Your first sentence is right but your second is absolutely wrong.

>>11647046
Marxian

>>11650052
I asked like 2 or three times, HOW ABOUT A NEUTRAL STATE? you motherfucker? that's what inflation shills always do when cornered they quickly switch to proposing another extreme where 1 dollar gains 20% over night and no one wants to spend.

All I'm asking is to stop stealing money from people, and you fucks will never admit that it's the right thing to do (stopping this scam)

>>11650078
>HOW ABOUT A NEUTRAL STATE?

I already addressed this. When you convince people to stop having kids maybe itll work.

>>11650014
you want people to work in mines and factories instead of doing what they wish
you seriously believe the average person isn't a consumption driven retard with the financial sense to save instead of spend?
backwards ass mentality

>>11650092
he got lucky on the biggest dumb money bull run in our lifetimes so now hes for the people. Don't question his intelligence.

Israel has no inflation

>>11650134
wrong lol.

>>11650141

>>11650089
having kids? most developed countries have nagative fertility rates last time I checked, but that doesn't matter because even if people stop having kids the kikes will simply import hordes of human trash from africa and middle east

>>11650092
you want to force people to spend instead of doing with their money what they wish

Bullshit jobs are born on slavery of others forced into stupid consumerism by inflation. And stop pretending like most people don't already work in factories and other cubicles/cages

>you seriously believe the average person isn't a consumption driven retard with the financial sense to save instead of spend?

maybe they are retards maybe they aren't but how about giving them a fucking choice what to do with their money? (no they don't have a choice now, they have to get rid of it ASAP before mr Goldberg pushes the button again and prints more magic numbers)

>>11650101
and you are some gullible fuck with 0 morals who thinks he's some sort of elite because you got shilled on inflation in your indoctrination course by the kikes

>>11650176
>he doesnt know any words apart from "kike" and "goyim".

>Bullshit jobs are born on slavery of others forced into stupid consumerism by inflation

You just keep sounding like a commie.


>And stop pretending like most people don't already work in factories and other cubicles/cages

Yes but they have a far better chance of making it out than ever before.

>who thinks he's some sort of elite

far from it. I'm just not as retarded as you are.

>>11650170
that's not "no inflation" lol

>>11650176
btw sounding like an incel doesnt do you any favors. All your doing is showing us how unhinged you are

>>11650208
kys brainlet

>>11650205
>You just keep sounding like a commie.
not forcing people to spend their money sounds like fucking free market to me you retard

>Yes but they have a far better chance of making it out than ever before.

better chance for what? for a small shitbox, 35 years of debt and wageslavery till 65?

>>11650218
I don't give a fuck about what you feel, you have 0 arguments to defend this scam and that's the only thing that matters here.
Are you gonna pretend that there is no correlation between supporting inflation and being a kike to derail the conversation?

>>11650176
NO ONE IS FORCING ANYONE TO SPEND MONEY
EVEN BEING BEATEN BY INFLATION IN A BANK ACCOUNT IS BETTER THAN SPENDING MONEY
IF PEOPLE REALLY CARED THEY WOULDN'T SPEND SO MUCH. END OF FUCKING STORY.

>>11650246
forcing people to work shit jobs is not freedom lol.

>better chance for what? for a small shitbox, 35 years of debt and wageslavery till 65?

Oh, you're just a doomer. I grew out of that phase too.

>I don't give a fuck about what you feel, you have 0 arguments to defend this scam

>ignore the fact that quality of life is countless times better now than before.


hmmm ok

>>11648463
>doesnt make 1 single argument
>acts like a fucking roastie

fuck off kike

>>11650255
>devalung the currency by 6% a year
>not forcing to spend it
pick one brainlet

how can you even accept a system in which the average citizen isn't allowed to save and mantain the wealth that he deserved through his work? if you want to be edgy and say stuff like "fuck the poor" etc then go ahead, that will save us time
ok, I think we can wrap it up, unless some of you geniuses have something to add

>>11650270
>forcing people to work shit jobs is not freedom lol.
no one is forcing anyone to work in any particular job retard, free market will decides what is actually worth something and what's absolute garbage

>ignore the fact that quality of life is countless times better now than before.

what the fuck are you smoking? maybe you are just a cuck that likes to be slave, then your life might seem nice to you

>>11650297
free market decides that boutique nail salons and uber are worth something
deal with it commie pinko scum

>>11650297
>free market will decides what is actually worth something and what's absolute garbage

It already does that, brainlet.


>what the fuck are you smoking? maybe you are just a cuck that likes to be slave, then your life might seem nice to you

stop being a doomer lol.

>>11650255
reminder cpi is not a useful measure of value over time for the same reason a ruler made of ice is a bad measure of length i.e cpi's value is not independent of time. Do you think nikes, iphones, cars, airplane tickets, food has gotten cheaper or more expensive to manufacture over time.

Gold is the unit of value because all things' value change relative to the value of gold with respect to time.

If you choose cpi as you definition of value you will never be able to accumulate enough wealth to stop working. That is what keynesian economics is; they minimise unemployment by controlling money supply or in other words: central banks print money so you can't stop working.

When FDR reduced the gold redeemability of the usd with the 1930s new deal did change the value of gold or the value of the dollar?
when nixon removed the gold standard completely did he change the price of gold or did he change the price of the dollar

Freedom is a choice that no one can take from you. No one can define value for you

the fact that currency debasement is possible is the cause of all war and societal degeneration. Bitcoin is the first opportunity to destroy currency debasement.

The economic calculation problem kills Keynes (and all the branches of socialism).

https://en.wikipedia.org/wiki/Economic_calculation_problem

>>11650317
>>11650327

free market would work differently if people weren't threatened to lose 6% of their wealth each year

>>11647046
>Keynes

>>11650357
>its not a free market
>well this free market would be different if.....


just stop

>>11650337
>the fact that currency debasement is possible is the cause of all war and societal degeneration. Bitcoin is the first opportunity to destroy currency debasement

kek. yeah theres no point arguing. good bye

>>11650368
how is the free market not distorted if you threaten people that they'll lose of 6% of their wealth, explain this you brainlet.
If you are so confident in you nail salon why do you need to (((incentivize))) people to get rid of their money? oh, you're worried no one would give a fuck about your BS service and someone who let's say builds houses would make more money? but you don't want to do anything useful, you want to be a fucking leech that dies without inflation

>>11650399
people are waking up. still time to do the right thing

>>11650417
>I want to pursue my dream.
>what if my dream is a niche or something weird


that doesnt sit well with you though because of your communist view on life. As if people with "meaningful" jobs arent making money lol. A house builder still has a job. The difference is not everyone has to build houses.

>>11647046
Among all the overly simplistic models there are, Keynes' is the only one who has a modicum of empyrical evidence supporting it and applicability, so that.

>>11650439
the right thing is telling you to get out of the doomer mindset everyone has on this board, but sacrificing everyone else's dreams because you want to be able to stay stagnant in life is disgusting. Like I said, there is no point arguing

>>11650368
>blames capitalism when his retarded social democracy fails

>>11650446
you can pursue all your dreams that you want but don't cry when there is no demand for yout bs hobby. You are the fucking commie here.
fucking womens studies degree holder

>>11650446
Keynesian economics is communist because it says the wealth of individuals should be redistributed to the whole via inflation

capitalism however isn't a social construct, so you just measure things gold even if you're in a keynesian economy to escape the financial repression of central banks

>>11650477
>no demand
>yet people who have silly ideas are making a lot of money

are you saying people were forced to buy fidget spinners?

>>11650494
if you think they weren't and all the BS jobs are going so strong and there is so much demand that must means they are simply great right? then if that's the case why do you need inflation? hmm? maybe to prop this fake shit up because otehrwise it would collapse straight on its tits huh?

fucking commie dictator trying to force the market in the directions he likes lmao

Inflation = theft, there is nothing free market-like about this

>>11650494
you sound like a condescending bitch in every reply you make.

>>11650471
You are the parasite
I don't need anything to change I am already free from currency debasement by choosing gold as the value datum.
I can easily live like a parasite off the endless improving consumerism of keynesian economics as others (friends, family, humanity) suffer to create cheaper consumer goods.

The thing is though I'm no some psychopath that thinks creating a population of debt slaves so I can be more of a hedonist is a good thing.

>>11650511
you've been right this entire thread. inflation is theft and the person who earns their money should have the final say over what happens to it. inflation forces people to make decisions that they should not have to. if someone wants to sock away their money in a pillow case then they should be able to do that and have it hold its value. in the US freedom comes before everything and inflation infringes on people's ability to have total control over their own money they have earned.

that faggot you're replying to is European i think so it's no surprise he's a fucking retard. in America, the Federal Reserve needs to be abolished because the People do not control it.

>>11650513
because you're retarded depressos you dont deserve a real reply.

>>11650513
he is a shill, but because he believes own social constructionist bullshit he will continue to bring people to the truth for free, because if you engage in free speech at all you accelerate the realization of truth regardless of your intent

>>11650511
>mr I got lucky and now everyone must be a house builder!!

>>11650543
>. in America, the Federal Reserve needs to be abolished because the People do not control it.

I agree. I'm arguing that inflation is necessary

>>11650557
dude I already told you, you don't like building houses? go do something else, be a fucking musician, fidget spinner maker, but don't come back cryng that no one wants to pay for your shitty product/service and ask Mr Goldstein to create more inflation to bail your stupid ass

You are embarassing yourself at this point

>>11650574
Good luck doing anything that isnt souless factory work when the entire goal is to hoard money. I'm not saying everyone should buy stupid shit, I'm saying everyone will be forced into shit they dont want to do because people are less likely to spend

>>11650045
This is what I was getting at above. When you have 0% Fed funds rate for a decade, literally no rich people have 'savings' (however the fuck that's even calculated), anyone with a modicum of sense has their money in the markets which are being pumped up by cheap money.

If savings accounts were actually earning interest maybe people would actually consider it. But anon was saying that the rich have more savings than anyone, which I think is only slightly true, as most of their 'savings' are actually investments, at least if we're going by the CIGNX metrics for what these words mean.

>>11650357
inflation is not 6% a year

>>11647046
GIBS ME DATS!

>>11650581
Most people already do stupid souless shit nowadays anyway. You just want to cling onto stupid jobs at the cost of honest people who absolutely didn't deserve to have their weath taken away from them.
Basicly stealing from innocent people to allow a bunch of hipsters to fulfill their hobbies. If you're good at something or your product/service is good enough it will have demand without inflation, if it needs inflation to survive it means it's shit and it should be a hobby not a fucking job (at cost of other people)

>>11650610
>t. schlomo shekelstein from Bloomberg Special at 10PM this Sunday! don't miss!

Really interesting how this thread brought out the dumbest posters on /biz/.

>>11650642
stop hitting yourself

>>11650636
>You just want to cling onto stupid jobs at the cost of honest people who absolutely didn't deserve to have their weath taken away from them.


Dude this commie talk. Nobody is going to want to start a business when making their money back is much harder. Who would undergo that risk when hoarding the USD is the most important thing? A lot fewer people will. And btw businesses that are shit still die. That's a dumb myth that hipster businesses are held up purely by inflation. Inflation just makes it easier and less risky to try something different rather than working your whole life in a factory to hoard money then retire and be afraid to follow an urge or dream. Also if my business fails because its shit it's much easier for me to get my job back. What you're proposing is that if you take a risk and it fails then you're fucked for life basically. Jobs will be hard enough to get back with a lot less of them going around. Sure to you being fucked for many years means nothing because your life is worthless anyway and you got lucky on a purely hype driven scam market, but not everyone is like you.

>>11650610
What is the real rate of inflation and how do we define it? Can we really trust the bureaucrats that in charge of the CPI bundle not to manipulate that data?

What I see with my own eyes doesn't match what they're telling me.

>>11650710
inflation creates nations of slaves, you are a parasite

society should be something that serves the individual, not something that extracts wealth from them

>>11650756
society is what you make of it. if you dont want to manage your wealth or go for something but remain stagnant then you can. nobody is stopping you.

>>11650710
Jesus Christ you really must be some Genger studies degree holder clinging onto his scam job that would get wiped the fuck out if it wasn't for inflation.

Your whole argument goes basicly like this
>It's morally right to steal money from 95% of to society so that 5% of them can be reckless and pursue their wildest dream (trying to monetize it that is! Normal people have jobs and then they fill rest of their time with hobbies, entitled commies trying to confiscate other peoples money want to force their hobby as a job onto others)

> Sure to you being fucked for many years means nothing because your life is worthless anyway and you got lucky on a purely hype driven scam market, but not everyone is like you.
yep, salty gender student who missed out on crypto confirmed.

Listen you fuck, I had my own business before crypto and I still have it and I guaran-fucking-tee you my business would remain profitable even during deflation because it's something people actually need (no I'm not gonna risk doxing myself here)

>I think it's right to steal from others in order to allow a specific group of people to gain something in exchange

Commie talk 101

>>11650812
>to him fighting inflation is the most difficult thing in the world.


I bought crypto but I knew it was a bubble. Not some revolutionary thing that will change the entire world. If figuring out how to beat inflation (aka taking 30 mins of research) is too hard for you then you truly deserve to stay poor. There is no hope for you.

>>11650782
exactly why I am arguing with you.
the idea that consumer goods are wealth is cancer. I would be wealthier if society was wealthier. Strong individuals, strong families, strong useful societies. Not human cattle subverted at every level of consiousness so that I can get a new iphone that increases my work productivity

>>11650846
then fucking tell me how is an average joe that works 9-5 supposed to beat inflation? do you expect every citizen to ba a successful shitcoin flipper? forext/stocks expert?

you justified stealing other people's money with your own benefit
better stop embarassing yourself any further you commie

>>11650858
blaming your shitty family life on society lol. You can still be a strong person with a strong family if you choose. Nobody is forcing your daughter to go and get blacked. You're probably a weak father. What society does should make no difference to you as everyone is their own person. However according to you everyone must be the same.

>>11650898
>do you expect every citizen to ba a successful shitcoin flipper? forext/stocks expert?


You don't have to be an expert you just have to stop being a retard with a defeatist attitude. You arent though, unfortunately

>>11650846
>If figuring out how to beat inflation (aka taking 30 mins of research) is too hard for you then you truly deserve to stay poor. There is no hope for you.

that's you; a parasite. you take but create nothing, you are happy to live at the expense of others you think that makes you wealthier but you are wrong.

>>11650929
>parasite for making my own way in this world

ok.

>>11650917
so 160 replies and none of you inflation lovers gave a way to beat inflation for the average citizen. Interesting. Something tells me that inflation has to be hard enough to beat for the majority of the population because othwerwise everyone would escape it and no one left to fuel the ponzi, am I right?

Also stop projecting your bs onto me, I'm doing fine with crypto but I'm not a retard to believe that it would be sustainable for the average joe to autistically spend whatever little time he has left after work to try and figure out how to not get robbed by the kikes.

>>11650939
parasite for wanting to put others on an economic treadmill so you can be a hedonist. Your time is over anyway

>>11650948
because there isnt just one way to beat inflation retard. I'm not you, I dont know you, i dont know what you like. Theres a ton of ways to beat inflation but the only person who can help you is you.

>>11650949
>I'm an incel everyone should be as miserable as me.

I'm not even a "hedonist", but I couldn't care less what other people do because it doesnt matter to me

>>11650974
I'm not asking for myself, I'm asking for a general advice you would give the average citizen, the fact that you cannot only confirms that inflation is a scam by design that's not supposed to be escaped/beat by majority of the population (lower and middle class) (othwerwise it defeats its own purpose)

>>11650997
Had you put your money in the fucking stock market 10 years ago youd be richer now. Had you rented a room in your house youd be richer now etc. Even with inflation youd still be wealthier today with more purchasing power than if you had done nothing at all

>they dont know my financial situation so they cant help me, but that means they're scamming me here durr


>majority of the population (lower and middle class) (othwerwise it defeats its own purpose)

Anyone can escape it. If you arent wealthier now than 10 years ago you did something wrong. Not everyone gets to win in life some people are content staying where they are.

>>11650982
imagine standing in front of a crowd of people trying to tell them that they should give up 80% of their wealth every decade
that's your game plan
rethink your incentives parasite

>>11651022
>should give up 80% of their wealth every decade

If this happens to you the you deserve it for being fucking stupid.

>>11650948
>so 160 replies and none of you inflation lovers gave a way to beat inflation for the average citize
hedge with gold/stocks, hedge with whatever loses less % than the currency you are holding

>>11651014
>Had you put your money in the fucking stock market 10 years ago youd be richer now.
again you're either expecting the average citizen to be an expert in the stock market or simply start gambling. Trading is a 0 sum game anyway, someone has to lose, without inflation no one would be forced to lose.

>Had you rented a room in your house youd be richer now etc.

Maybe you like living with Tyrone but anyone who appreciates comfort and privacy in his own house know that your idea is absolutely fucking insane

>Anyone can escape it

No, if it was possible even the average brainlet that puts 2 screws together in a facotry would do it. It takes knowledge/time/skills/luck to JUST MANTAIN WHAT YOU HAVE. This is not normal nor moral. People should be allowed to keep the value that they earned through their work.

>>11651032
Gold is a meme controlle by the governments all over the world with The Land of The Free on the lead.
but again, not sustainable longterm for everyone.
And everyone should be able to mantaine their wealth that they legally earned. Period

>>11651014
>. Even with inflation youd still be wealthier today with more purchasing power than if you had done nothing at all

So you're saying that 10K 2008 dollars are worth more than 10k 2018 dollars? I'm afraid you might not be giving good advice here friendo.

>>11651063
>hedge with whatever loses less % than the currency you are holding
it can be whatever, even shit as long as you can sell it and as long as it loses less % than the currency you are holding

>>11651063
>again you're either expecting the average citizen to be an expert in the stock market or simply start gambling

I didnt know I had to be an expert to buy an index fund and know not to buy a fidget spinner company. Wow. You showed me.

>Maybe you like living with Tyrone but anyone who appreciates comfort and privacy in his own house know that your idea is absolutely fucking insane

Who says you have to let Tyrone live in your house? You realize you can choose your tenants right? Do you even own land?


>No, if it was possible even the average brainlet that puts 2 screws together in a facotry would do it. It takes knowledge/time/skills/luck to JUST MANTAIN WHAT YOU HAVE


Again, researching a stock, gold whatever isnt hard. God forbid you have to do some research to make some money and increase wealth. The losers in life are people with your mindset who think it's all a scam and never try. I told you, I'm not super smart or super rich guy, but I took some time out of my day one day to learn about markets and it worked for me. It wasnt hard and anyone can do it.

>>11651080
The usd loses value constantly, so it should be easy for some expert like you to give us a blueprint on how to beat something as predictable as a 6% loss on usd every year right?

>>11651069
That's not what I'm saying. I'm saying if you invested your money youd have more USD and more purchasing power as well despite inflation.

>>11651098
usd yearly inflation is 2.28% for 2017/8

>>11651104
Of course, because the stock market is the prime beneficiary of cheap money, which is what creates these bubbles to begin with.

When the FED is forced to raised interest rates to combat inflation, then what happens?

Keynesianism is based on the idea that the government will always be able to control all aspects of the economy by setting interest rates and the money supply. Crypto has made it obvious that they won't be able to control these variables for much longer.

>>11651132
>then what happens?

You mean it always recovers? Throughout history if you put your money in your he richer now because it always recovers. If it doesnt then there are bigger problems than inflation

>>11651096
all the thing you said don't fucking matter because:

People shouldn't have to do a god damn thing to just mantain what they have. There is no way in hell an average citizen will successfully trade/hedge throuought his life, and being able to mantain his wealth should be everyone's basick right.

Like I said before if beating inflation was easy like you claim then everyone would do it and inflation wouldn't work.
>b-but if you put in enough work
that's like saying we should organize robbery at random house in each neighbourhood and everyone should be bale to defend

People should have to fucking defend themselves from robbery I don't care if it's some theif breaking into their house or a kike pushing a button to print more magic tokens

>>11651112
measured against what? the price of yoga classes in North Dakota?
be serious, it's 6% not fucking 2

>>11651143
youd be richer now*

>>11651145
>There is no way in hell an average citizen will successfully trade/hedge throuought his life, and being able to mantain his wealth should be everyone's basick right

Like I said, if you arent richer now, you fucked up. Some people pay the stupid tax, deal with it.

>>11651172
>it's morally right to steal from the poor/stupid

Yea we already know your world views

>>11651181
>implying I'm stealing
>implying I didnt do research on my own
>implying someone who doesnt give a shit about their money deserves to make as much as me

>>11651190
>>implying I'm stealing
the government and you support it because it benefits people like you

>>implying someone who doesnt give a shit about their money deserves to make as much as me

no one say anything about "making". we are talking preserving wealth. That should be every human's basic right. There is no other way you can spin it around to make it sound good when it comes to stealing deliberately by devaluing the currency

>>11651145
>measured against what? the price of yoga classes in North Dakota?
>be serious, it's 6% not fucking 2
kek do you even own $$? or are you typing this from some shithole in russia?

>>11651143
That's a nice way of saying it gets absolutely motherfucking justed and you lose more than you would have with infation. Just because something happened in the past, doesn't mean itt will in the future, C'mon goy.

But I'll roll with for a minute and pretend it is so. What does that mean for people who are forced to retire in the recession and cash out their 401k's in the downturn? They're absolutely fucking ruined and their life savings is devalued tremendously. And you're arguing that this is preferable to having a stable currency?

from the perspective of self interest the argument boils down do you believe wealthy individuals is synergistic

from the perspective of being consciousness manifested in a meat suit walking around on a rock orbiting a nuclear explosion in an infinite void. Why would you want to create suffering so you can have more consumer goods

>>11651215
>That should be every human's basic right.

No it fucking shouldnt. It shouldnt be a basic right to limit everyone else because someone just wants to throw their money in the sofa and sit on it.

>>11651223
If the economy doesnt recover then nothing matters anymore except guns and ammo. The economy throughout the years has always recovered.


>What does that mean for people who are forced to retire in the recession and cash out their 401k's in the downturn?


Theres a reason people tell you to start investing an managing your money as soon as you can

>>11651217
I don't see why you would need this info from me. Keep believing it's 2% while prices of all the remaining important assets on the planet are skyrocketing.

>It shouldnt be a basic right to limit everyone else because someone just wants to throw their money in the sofa and sit on it.

So you don't even respect property rights, nice one you commie.

>>11651256
>hehe I dont want people working in sweatshops and factories forever against their will that makes me a commie!


Guess what life isnt 100% fair. Some things suck but you can always overcome it thats the goal. Much harder to do with a deflationary currency

>>11651256
>Keep believing it's 2%
i will because it is

>>11651245
Again, you're just increasing your wealth in nomical terms and creating giant bubbles along the way.

Why is this preferable?

>>11651266
>>hehe I dont want people working in sweatshops and factories forever against their will that makes me a commie!

I already told you most people already work in shit jobs. But they could work thos shitty jobs 6h a day instead of 10 if their wealth wasn't being stolen every year

>Guess what life isnt 100% fair. Some things suck but you can always overcome it thats the goal
life not being fair doesn't justify stealing people's money. period

>Much harder to do with a deflationary currency

again, neutral state would favor any group, everyone would have the same chances

>>11651284
Good Goy!

>>11651288
Because you are wealthier and it encourages entrepreneurial spirit? I thought I explained this already.

>
I already told you most people already work in shit jobs. But they could work thos shitty jobs 6h a day instead of 10 if their wealth wasn't being stolen every year

nice hyperbole

>again, neutral state would favor any group, everyone would have the same chances

and again I'd be ok with that if there weren't so many people on the planet and globalists importing refugees by the millions. However, that isnt the world we live in lol

>>11651289

>>11651307
>>11651289
and btw I dont like the fed either. I think inflation is necessary but too much is obviously bad. I'm saying for us in time inflation is better

>>11651321
in this time*

>>11651319

>>11651321
no it's not, unless you're a leech that can get away with monetizing BS because others are pushed into spending. I understand you may benefit from inflation personally but don't speak for everyone and don't pretend like it's morally right

>>11651336
nobody forces people to buy fidget spinners or the newest iphone x every year. Stop with this fucking nonsense. Investing in stocks and index funds isnt the same thing

>>11651336
>>11651348
people buy/start these business because if they fail it isnt as detrimental. A shit product is still a shit product and shit companies still die

>>11649724
>Btw rich people in a deflationary economy have even more power than they do now.
No, but they have safer power if they choose to.

>>11651348
>nobody forces people to buy fidget spinners or the newest iphone x every year.
not directly but indirectly yes. Otherwise you'd assume that inflation doesn't work and is unneccessary

There is something missing in your argument, you claim inflation helps creating jobs but doesn't force spending? that's some magical tool then, creates more jobs that otherwise wouldn't survive without it but has nothing to do with creating (artificailly and immorally) demand?

>>11651353
of course but it's always at a cost of somethng else, someone else in this case. Shit product/service may survive in an inflationary eceonomy and could easily fail in a neutral state economy because people would quickly get their priorities right. Sure it would take a while for people to wake up and realize they can actually save easily now, because they've had embeded in their brains that money losing value is something normal

Less demand for unneccessary things, more competition, services and products that are barely surviving now would fall off the cliff without inflation. Products and services that are more important would thrive. You're ust butthurt because you are no interested in providing useful things like housing/food/healthcare, but it's the customer/client that should decide what's in demand, not the supplier (thanks to inflation).

>>11651423
>not directly but indirectly yes. Otherwise you'd assume that inflation doesn't work and is unneccessary


Yes that's a side effect. With how many business get created you're more likely to get a good one. A shit business is still dies and has no effect on the economy. However there are geniuses out there that actually have good ideas and they are more inclined to do it because the risk isnt as big. Thinking its always black and white is child thinking.

>because people would quickly get their priorities rig


no they wouldnt. Do you actually think people who all of a sudden have more "wealth" would become financially literate? Theres a reason lotto winners and rappers lose their money. They paid the stupid tax.

>>11651423
>>11651460
Again, a shit business is going to die regardless. However inflation encourages entrepreneurial spirit and that's how you get good ideas

>>11651460
>>11651479
lack of inflation wouldn't stifle innovation or entrepreneurial spirit. It would simply shift the focus from the less important areas to the more important ones. You know and that's what you don't like, because for you the important areas aren't interesting. There would still be someone buying less important things but there would be less demand so the competition in that area would be more fierece and the weaker companies/product would fall off the cliff.
People could afford their own houses land way faster in their lives and be able to enjoy their free time or work more if they want more money for consumerism, but they would have a choice, if majority's choice would be to value free time over wastng time and money on a trip to a nail salon you cannot blame them, that's the choice they would make

>>11651460
>A shit business is still dies and has no effect on the economy.
False. A lot of wasted man hours and resources put into every failed venture.
Inflation doesn't matter when it comes to consumer spending. Consumers are gonna consume and they don't really understand or care about 1-2 % deflation every year vs 3-4% inflation.
However, capital cares and thus invests with a very low treshold because the difference between average investment return and average currency holding "return" (including negative) is higher. With 3% inflation, you're better off investing in something that loses 2% of real value per year. It's pretty bizarre.

Some people claim that this is good. Some with the argument you had which is "spam businesses some of them will be great and the others don't matter". Some argue that they encourage asset bubbles which leads to great cyclicality.

I don't understand the subject well enough to have a good opinion, but since this discussion is very low level I figured it wouldn't hurt to mention these things.

Both belong to 20th Century.
1) Fixed money supply
2) 0% Inflation
3) No credits. Money can be lend but no fucking creation of IOU. Let people decide how much interest rate they want to get for lending.
4) Let the economy contract, expand the way it does
5) DON'T FUCK WITH THE INVISIBLE HAND

How do we get there?
1) We go through another crisis
2) Feds print even more money
3) Velocity increases
4) Hyperinflation
5) People realize fiat is monopoly money and move to gold/silver/crypto

It's coming and you know it...

>>11651551
>It would simply shift the focus from the less important areas to the more important ones

Wishful thinking. Sometimes the people creating their idea dont even know themselves if it will work. Your idea that we would only get "important" businesses is wrong and who are you to decide what is "important" for someone? I'm having a hard time believing you actually have a business.


>People could afford their own houses land way faster in their lives and be able to enjoy their free time or work more if they want more money for consumerism, but they would have a choice, if majority's choice would be to value free time over wastng time and money on a trip to a nail salon you cannot blame them, that's the choice they would make


You can do this now and it's not hard. The only difference is you kill entrepreneurial spirit.


>You know and that's what you don't like, because for you the important areas aren't interesting

I havent even told where my interests lie but you seem to have it down.

>>11651574
>However, capital cares and thus invests with a very low treshold because the difference between average investment return and average currency holding "return" (including negative) is higher


You proved my point. The only businesses that matter are the ones that dont make garbage. Less entrepreneurial spirit = less companies being created = less chance something good come s out. Sure, the ratio of shit companies to good ones would be different but the rate it happens would be much slower or big companies with a lot of resources would create it first.

>>11651592
>Your idea that we would only get "important" businesses is wrong and who are you to decide what is "important" for someone?
not me, the free market (free market unaffected by inflation)
The fact that real estate is skyrocketing shows that it's the only valuable asset, prices of stupid services don't go up as much as prices of real estate

>You can do this now and it's not hard. The only difference is you kill entrepreneurial spirit.

No. The more money the kikes print the longer the average citizen is gonna wageslave for a house.

>I havent even told where my interests lie but you seem to have it down.

Well you weren't interested in building houses so that's a big one to sign off, like I said it's pretty easy to realize what are the important areas of the economy, just look at the prices of real estate and then compare it to the prices of BS services throughout the years.

That's why I always laugh at those claiming that ifnaltion is at 2%.
The government can claim whatever they want, the things that actually matter are skyrocketing in price way fucking above 2%

Both were capitalist pieces of shit. Capitalism exploits workers.

>>11651677
>The fact that real estate is skyrocketing shows that it's the only valuable asset, prices of stupid services don't go up as much as prices of real estate


It's called a bubble. You were in crypto you should know that

>>11647584
>Mises>Friedman

>>11651677
>Well you weren't interested in building houses so that's a big one to sign off

>I dont want to build houses so I want to do is insignificant

>>11651687
the fact that real estate has become a speculative investment to such a degree only exposes inflation as the scam that it is.

>>11651707
If you were confident that your interests are significant to the society you wouldn't need inflation to monetize them. Othwerwise it would be just a hobby.

>>11651724
>because something is in a bubble makes the entire system a scam.

The free market decided to pump real estate and people are at high levels of delusion. You're saying because things gain value and people value them more that means inflation is a scam. Inflation is 2% but inflation doesnt stop people from having FOMO.


>If you were confident that your interests are significant to the society you wouldn't need inflation to monetize them. Othwerwise it would be just a hobby.

I can monetize my idea but I wouldnt do it because in order to start a business (which you probably havent) you have to spend every moment working on it and making it better. If it doesnt work then I can still find a job out of the millions there are and hopefully rebuild. That is much harder in a world with less companies and opportunities for employment

>>11651813
No, the jig is up and that's why real estate is skyrocketing, if you think it will crash hard then hold onto your hopium I guess.

The rest of your story is baiscly the same stuff youve been repeating, putting supply ahead of demand. You as the supplier want to decide what's gonna be in demand. Without inflation the focus would shift, that's all

I'm out this has been long enough

>>11651903
sorry about your disability

Wtf is this bullshit thread you fucking kek go back to /pol

Austrian all the way. Voluntary Ancap society with recreational McNukes now!

>>11647046
austrian profit from keynsian

>>11647046
Austrian economics lead to the deaths of thousands of commie faggots in Chile. Austria is based af

>>11647254
wrong
>>11648835
wrong