/biz/ - Business & Finance

>>25032217
okay, i’ll bite. How is it not possible anymore? Inb4 tinfoil hat response which involves some jewish conspiracy.

> Hyper inflation is literally a thing of the past and is literally impossible in an advanced modern economy

what IS the opening of 'an inspector calls'?

>>25032217

I wonder who ended up with all that money?

>>25032217
Fuck off a house is now decades of average wage

>>25032271
Study MMT and you will understand

>>25032217
$10 meal at mcds

>>25032635
MMT assumes our leaders will be responsible in their spending decisions and that new money flows will all go towards reducing unemployment. It doesnt say hyperinflation is impossible.

Assuming our leaders will be responsible in their spending is a completely ridiculous concept.

>>25033553
I believe the experts who run the Fed know exactly what they are doing.

>>25033795
Well then there you go, no wonder , you actually had me for a second

>>25033795
is this bait?

>>25032652
This. I paid 10 dollars for a quarter pounder meal the other day, what the actual fuck

>>25032635
>>25033553
>>25033795
Got it, so you have to be incredibly naive to take MMT seriously and it's just more court-intellectual trash.

>>25033795
>experts who run the Fed
>know exactly what they are doing
this bait is weaksauce

>>25033795

>>25033969
i always chuckle at this image

>>25032217
Based. Jerome will get us all lambos. Money printer go brrr haha

>>25033795
>t.

in hyperinflation scenarios, there are resource shortages and governments print money to desperately get people to work after all the liquidity in the country has gone to imports. the resulting work is not sufficient to satisfy demands, but the workers who were asked to produce have more cash than before. so you get a scenario with fewer goods and more money to demand them, and the inflation starts.
in our world, there are no resource shortages, and any that might arise could be solved with the U.S. massive gold stockpile, but keep in mind that scenario requires a comet to hit the earth or something.
the money printing the U.S. is doing is some kind of intricate dance with international exchange rates and interest rates, the shit the fed is doing is ultra chad policy maker illuminati shit that is way, way above the pay grade of any journalist or academic that tries to explain this shit to you.
so long as 90% of people spend $1.10 for every dollar they make (and they do lmao) there will always be a huge cohort willing to do nearly anything for a dollar and then squander it immediately, preserving the purchasing power for the rest of us.

>>25032575
that's why you rent

>>25033857
How is it bait? They are literal experts who have built up entire careers to get to the positions they are in now. Why do people who think people who post on a chinese cartoon board are somehow know more intelligent than literal economic experts?

>>25035267
>economic experts
Food for thought:
>The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel[2][3][4] (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics prize administered by the Nobel Foundation. While it is not one of the original Nobel Prizes established by Alfred Nobel's will in 1895, it is generally regarded and often referred to as the Nobel award for Economics.[5]
>The prize was established in 1968 by a donation from Sweden's central bank Sveriges Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary
also, go back, you're on the wrong website

>>25035117
inflation in the u.s. is seen in the service and luxury sectors rather than in staples. if everyone in the u.s. was a gluttonous millionaire, we couldn't even come close to exhausting the supply of corn and the price of stuff like food and basic clothing would largely stay the same. stuff like college, vacations, airline tickets, those are the kind of things that see dramatic inflation in the us, and those problems are self-correcting and in a way are deflationary, funneling demand tickets into non-problem sectors.

>>25035161
and in a few years it will be renting a place in the sewers , keynsianism is a mental disease and all keynsians are class traitors.

>>25033795
kek I admit you had me going until this one

>>25035117
Except 1/5 of every dollar in existence has been printed this year. And with the velocity of M2 money supply absolutely cratering the Fed is in a headlock trying to print it's way to muh mass inflationary gainz without the corresponding holistic market forces to drive it. Driving people to consoom wantonly as has been their pattern. The next crash and depression will be because of the Fed, not prevented by it.

>>25036567
The fed can print all the money it wants and it will never matter. The USD is not going anywhere anytime soon.

>>25036611
Anon, you're literally making this point on a paleolithic rock trading forum.
We are all well aware of the potential alternative currencies.

>>25036611
you will be eternally priced out of bitcoin. enjoy wage slaving for 100 satoshis an hour 10 years from now.

>>25033553
This. The only way they'll be able to control the brown masses is gibs.

>>25032217
>>25032217
The whole Ameeican system runs on trust. Most of the money is just numbers on a screen and there isn't even that much printed in actuality.

>>25033795
This post is truth. They know exactly what they are doing.