/biz/ - Business & Finance

[Anonymous No.16626029]

Inflation is not inherently a bad thing as is in fact more often than not necessary and good. This is why central banks use it as a tool to help the economy. Change my mind.

[Anonymous No.16626125]

It’s a banker trick to steal from those who are saving as their worth slowly loses value.

[Anonymous No.16626160]

>>16626125
How?

[Anonymous No.16626186]

>>16626160
> $1000 in bank
> 3% official inflation/yr , more like 5-6% actually
> decision: leave money in bank and earn 1% interest. Or buy $1000 TV that will cost $1070 next year.
> buy TV
> yay the economy is awesome!!!!

[Anonymous No.16626234]

>>16626186
Yes, it stimulates economic growth. Thats good for everyone.

[Anonymous No.16626356]

>>16626234
Now apply this to cars, houses, real estate, college and stocks.
Next thing you know you have a generation of millennials and zoomers with the following problems:
> can’t afford a house, boomers priced me out
> can’t pay back college loans when boomer parents could pay for it with part time min wage job and no debt.
> can’t afford a car
> boomer 401k accounts mooning every year

[Anonymous No.16626407]

>>16626356
If they want those things then dont get a shit job.

[Anonymous No.16626452]

>>16626356
This implies zoomers and millennials don’t have the foresight to use their inflationary dollars to buy value producing assets and invest in their future. Which is probably an accurate assumption to make

[Anonymous No.16626472]

>>16626234
Imagine being this retarded

[Anonymous No.16626475]

>>16626407
Or don't be a faggots Keynesian boomer Jesus is this all it comes down to with you? This interventionalist government is destroying the middle class when it would otherwise be fine and for you it comes down to l2code every fucking time? You're a retard

[Anonymous No.16626504]

>>16626029
to add, nobody was really responsible for the last financial crash - everyone (from 'normal' people who took absurd loans, to banks who sold products backed by these loans) were just trying to make it and give their family a better life

crashes and inevitable and part of the game and the FED is necessary because of the inherent greed and ambition of human nature

[Anonymous No.16626540]

>>16626475
Maybe people should take personal responsibility for their bad decisions? Its not my fault they have shit jobs and cant afford things.

Also Keynes is objectively one of the greatest economists of the 20th century.

[Anonymous No.16626561]

>>16626029

Finally a smart person.
In fact, inflation doesn't even exist anymore.
What exists is money being worthless and more worthless, with is not the same as inflation at all.
Than you,
Finally

[Anonymous No.16626617]

Can’t tell if you’re larping or not. But you should pick this book up if you’re this retarded.

[Anonymous No.16626708]

>>16626504
Politicians and bankers were responsible. Why didn't FED bailout LB?

>"World events do not occur by accident: They are made to happen, whether it is to do with national issues or commerce; and most of them are staged and managed by those who hold the purse strings."

>>16626540
>Inflation good
>Just get a better job if you don't want your (national currency) savings to diminish in value

Nice arguments op

>>16626561
>Smart person

Except inflation targets are announced by central banks every year

[Anonymous No.16626755]

>>16626504
regulations and the application process for a mortgage are there for a reason

[Anonymous No.16626778]

Retard.

[Anonymous No.16626784]

>>16626540
Ive made fine decisions. Getting taxed literally 40% and deminishing purchasing power of cash isn't really my decision m80. But if you're serious do read Ludwig von Mises to learn why interventionalist is bad.

[Anonymous No.16626849]

>>16626125

[Anonymous No.16626892]

>>16626708

Sure.
But look at the market and it rolls out. Here seriously is no more 'inflation' by definition. Money is just worth shit, period. The banks make it it so. And what are you gonna do? Change to the next bank that is different? We are all all fucked. You can only do real estate or stock, or ... crypto if u are as crazy as i am

[Anonymous No.16626944]

>>16626849
>You don't need to be in a relationship or ever have sex!

[Anonymous No.16626976]

>>16626892
I don't think so bud

[Anonymous No.16626990]

>>16626029
Inflation is THEFT. Newly created fiat obtains its value by siphoning it from all the previously created fiat. The democrats talk about a wealth tax but the US has had a wealth tax for the past 100 years. The only 100% true escape is crypto which has a hard cap as even precious metals can be mined.

[Anonymous No.16627005]

>>16626976

? Well, I am sure you can tell me how i am wrong?

[Anonymous No.16627026]

>>16626029
inflation is a stealth tax designed to destroy the middle class by confiscating their wealth. it punishes responsible people by eroding the value of their savings, making it impossible to plan for the future; while encouraging degenerate high time-preference behaviours like consooming and getting in debt to hook-nosed jews.

"the economy" is not inherently a good thing. it is simply a set of abstract measures which central planners use to justify their own policies and their own monopoly over the creation of credit. no one has any idea whether the figures they cite are even real. these numbers have no bearing on people's lives or their ability to work. they are fake and gay propaganda for the masses.

[Anonymous No.16627054]

>>16627005
>Here seriously is no more 'inflation' by definition.
There is inflation by definition.

>The banks make it so
Do you mean central banks?

>Change to the next bank that is different?
For what?

>We are all all fucked.
No

>You can only do real estate or stock, or ... crypto if u are as crazy as i am
There are other ways to make money

[Anonymous No.16627064]

>>16626990
The hard cap and the halving is the fundamental problem with bitcoin. There will not be enough bitcoin to act as a world currency and when miners get their reward cut in half then mining becomes unprofitable.

[Anonymous No.16627103]

>>16627064
bitcoin is a store of wealth which central planners cannot debase and governments cannot confiscate. does that make you seethe inside, knowing that people who take personal responsibility are going to put their resources out of your reach? inflation will be the preserve of fiat cucks like you

[Anonymous No.16627136]

>>16627064
There is no such thing as "not enough". If demand increases then the value of each bitcoin increases reducing the demand.
If mining becomes unprofitable then miners leave making mining more profitable for the remaining miners.
You're stuck in a statist loop of bullshit where everything has to be finely tuned by bureaucrats who don't know what they're doing.

[Anonymous No.16627177]

fuck the fed
how do i jump to the timeline where ron paul became president?

[Anonymous No.16627215]

>>16627103
Why would I trust a bunch of weebs on the internet over actual experts that manage the economy?

[Anonymous No.16627239]

>>16627215
>Trusts the guys responsible for the great depression and everything after it over facts and logic.
Never gonna make it

[Anonymous No.16627279]

>>16627215
>Change my mind
>Why would I trust a bunch of weebs

Lmao

[Anonymous No.16627309]

>>16627215
you can do what you like, faggot. but we're not going to use your jew-printed pieces of paper or your centralized social credit systems if we have a trust-less deflationary alternative. central planners are so corrupt that as their paradigm flounders they're going to declare war on crypto users for opting out of their rigged game, and it seems like you've already chosen your side. see you on the battle field, nigger

[Anonymous No.16627332]

>>16626990

There is no more infalttion in the west. Please look it the fuck up if you don't believe me.Money gets worth less less, but not by inflation.

[Anonymous No.16627691]

>>16626540
____ __ ____

[Anonymous No.16628254]

>>16627332

Islam has been trying to infiltrate the west asince the late 80s, retard.

[Anonymous No.16628277]

>>16626186
>leave money in bank and earn 1% interest. Or buy $1000 TV that will cost $1070 next year.


Your average consumer doesn't think like this. They bought the TV because they wanted it not because inflation was going to jack the price. If they cared about that, they would have invested it or something.

[Anonymous No.16628283]

>>16626540
>Its not my fault they have shit jobs and cant afford things.


Shit jobs are the only ones left

[Anonymous No.16628284]

OP is a faggot Keynesian and I bet he hodls btc.

[Anonymous No.16628473]

It's simple. Taxation is theft. Inflation is a hidden tax. It weakens individuals by stripping them of their wealth and promoting short term frivilous desires over long term excellence.

Also Keynes was a joke of an economist. See "animal spirits".

[Anonymous No.16628499]

>>16627215
Yeah trust the experts lmfao.

"The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so."

- Ben Bernanke, June 9, 2008
Watch this:
https://m.youtube.com/watch?v=mFdnA5UNmVw

[Anonymous No.16628517]

>>16628473

You lucky American. Taxation IS theft, but here in Eu even more so.

[Anonymous No.16628558]

>>16628473
>Taxation is theft
So do you pay your taxes? When you buy something at a store what do you do oh brave libertarian retard? Do you give the sovereign citizen speech every time you get a restaurant bill?

[Anonymous No.16628619]

>>16626356

Inflation means its easier to pay debt.....

Now SHOULD there be a debt incurred for VALUE-ADDED college degrees? That is a different question altogether.

[Anonymous No.16628627]

>>16628517

Yeah you EUrocucks pay tax on food. That blows my mind. Only the poorest of poor states with absolutely no other source of income pay taxes on life essentials like that.

[Anonymous No.16628628]

this is literally a bait thread you newfags
sage keynesian garbage

[Anonymous No.16628642]

>>16628628
I think OP is actually sincere as sad as that is.

[Anonymous No.16628646]

>>16628558
Nice strawman. No I don't evade taxes because it's either they throw me in a cell or I let them steal my money. If you were living under a regime with little way out what would you do? Also my point stands. Your cynical sarcastic remarks are worthless.

[Anonymous No.16628652]

>>16628628
Literally every single economic expert today is a Keynesian. He is the most influential economist of the 20th century and saved us from the depression and countless recessions. You would have to be delusional to still believe that the government can not invest into its own economy to improve it through central banks and generous government programs and policies.

[Anonymous No.16628673]

THOUGHT EXPERIMENT:
What would happen if the central bank stopped printing money (let's say this causes money supply growth to stop), and yet the economy and population keep on growing. What happens?

[Anonymous No.16628685]

>>16628673
People switch to Bitcoin.

[Anonymous No.16628702]

>>16628652
>Keynes saved us from the depression and all crisis forever

Prove it. Even if so, what of it? The fact remains people are weakened under bullshit socialist policies purported by Keynesians.

[Anonymous No.16628729]

>>16628702
Government jobs programs got people back on their feet and working again during the depression. I bit of of government assistance and regulation is not socialism, its just sensible.

[Anonymous No.16628788]

>>16628729
>muh roads and bridges saved us from depression

Forgive me if I fail to see your vague as shit point.

Using stolen funds for charity is still theft.

[Anonymous No.16628852]

>>16626234
Why is it good for everyone to be constantly spending money?

[Anonymous No.16628867]

>>16628852
More importantly, why are our expert economists plunging our countries into debt with no end in sight?

[Anonymous No.16628870]

>>16628852
A good economy is good for everyone.

>>16628788
I happen to like roads and schools.

[Anonymous No.16628878]

>>16628852
Because it means there is always demand for goods and services. Demand for goods and services necessitates a supply. The supply side is why most of us have employment, and thus can afford to buy stuff.

[Anonymous No.16628880]

>>16628652
the depression was caused by proto-Keynesian thinking and money printing.

a nothingburger decline in the stock market turned in to a decade depression because of Keynesian thinking.

[Anonymous No.16628886]

>>16628870
spending does not make a good economy, good spending does, which inflation discourages. Inflation encourages frivolous spending.

[Anonymous No.16628909]

>>16628870
>I hate the accumulation of wealth. Spend all that money you make for the greater good!

You're right about lousy roads and schools. They can only exist if the dumbass government is appropriating individuals' money.

[Anonymous No.16628921]

>>16628870
>overspending is good for the economy

[Anonymous No.16629006]

>>16628886
More money being pumped into the economy expands the market, which leads to more spending and that spending means we must print more money to meet that demand. This is why some amount of inflation is a necessary and good thing. This is why we have experts that run the central bank.

[Anonymous No.16629017]

>>16629006
> which leads to more spending
more frivolous spending

[Anonymous No.16629026]

>>16629006
Those same experts that allowed the GFC to happen? Please.

[Anonymous No.16629055]

>>16628870
>>16628878
So let me get this straight, Keynesians are worried about bitcoin's energy consumption while our entire economic system is based off of neverending debt and unnecessary production and consumption to pay back that debt. That's not fucking sustainable.

[Anonymous No.16629104]

>>16629055
>That's not fucking sustainable.


It's working so far

[Anonymous No.16629117]

>>16629104
So it will work forever! Brilliant.

[Anonymous No.16629136]

>>16629055
Bitcoin mining is making climate change worse which will kill us all in 12 years.

[Anonymous No.16629139]

>>16629117
Do you have a credit card anon? Because the US debt functions more like a cycle of revolving credit that grows steadily over time than an auto loan or mortgage where the collateral will be repossessed if payment aren't made.

You're suggesting we stop the current system, but haven't offered anything to replace it. The current system is fine if you aren't a fucking retard. Invest your money instead of saving it.

[Anonymous No.16629151]

>>16629139
Investing is risky. Id rather save it but usd arent a store of a valhe unfortunately

[Anonymous No.16629182]

>>16629151
Then loan your money to the US in the form of a bond, and collect interest on it. Or buy a CD. There are plenty of risk-free alternatives to investing in the stock market. Keeping cash in your bank account or under your mattress and expecting it to retain value is retarded.


My best advice is to learn literally anything about investing, and you'll realize how easily you can mitigate risk. Then you won't fear debt like a pleb.

[Anonymous No.16629209]

Brainlet here.
What if govt debt is purchased by the fed and then written off?
Will that cause inflation?

[Anonymous No.16629219]

>>16629209
No, that just causes things to function like normal.

[Anonymous No.16629230]

>>16629136
Thanks for confirming this entire thread is bait

[Anonymous No.16629233]

>>16629219
I mean the fed already monetizes treasury debt but it remains on the fed's balance sheet.
Could the fed just write off US debt if if felt like it?

[Anonymous No.16629244]

>>16629233
>Could the fed just write off US debt if if felt like it?


Probably, they'd be fucking everyone over if they debt. Two-thirds of the national debt is just T-bills and bonds. The US keeps "borrowing" money because people keep investing in the country. No one actually wants the US to pay back all of its debt at once.

[Anonymous No.16629253]

>>16629230
I don't really see how a known fact that 97% of scientists agree with is bait.

[Anonymous No.16629260]

>>16629209
Yes, because the fed prints money to buy debt.

[Anonymous No.16629264]

>>16629253
>kill us all in 12 years
You don't seriously believe that right?

[Anonymous No.16629286]

>>16629244
That makes sense.
I have another brainlet-tier question: does writing off US treasury debt reduce inflation or just maintain the status quo?

[Anonymous No.16629299]

>>16629286
Inflation is the status quo. The fed sets a specific rate at which for inflation to grow, and manipulates the supply in order to achieve that. You honestly need to DYOFR because I don't know everything about this stuff either. This is just basic economics that.


I recommend spending some time on Investopedia if you don't want to end up like the rest of these retards who think going back to a gold standard will save the US economy.

[Anonymous No.16629314]

>>16629299
Thanks for responding.
I'm just asking out of laziness.
I've been reading a little about Helicopter Money and Citizens Dividends and was wondering what effect, if any, that writing off US debt might have.
But yeah, I'm going to have to hit the books.

[Anonymous No.16629343]

>>16626029
Kleros is just a way to gain more ETH in the mid to long term. Change my mind.

[Anonymous No.16629346]

>>16626029
> A finance board that thinks inflation is bad
lmao I really need to stop wasting time here

[Anonymous No.16629367]

>>16629346
but you can't
Keynesian are cucks and enjoy being dominated

[Anonymous No.16629514]

>>16629264
Well we all wont literally die in 12 years, but if we don't do something in 12 years we as a species are screwed.

[Anonymous No.16630052]

>>16626029
A healthy inflation rate of around 2-3% is good because it encourages people to invest their money rather than hording cash.

[Anonymous No.16630078]

>>16630052
Based smart money that knows how the economy works.

[Anonymous No.16630222]

>>16630052
Savings in the bank are used for loans, they aren't "hoarded".

[Anonymous No.16630243]

>>16626029
the fed has zero control over the purchasing power of the usd they have power over the definition of cpi

there is nothing wrong with inflation governed by a market. there is something very wrong with measuring value in an insane way. there has never been a monetary policy as evil as making it impossible to accumulate wealth in order to maximize your productivity

[Anonymous No.16631063]

>>16630222 (checked)
Not true. Banks lend money by debiting loans receivable and crediting deposits. From an accounting perspective, the idea that banks lend on reserves is absurd. This "endogenous money" creation is also why things like quantitative easing do literally nothing, because QE's central goal is increasing bank reserves.

https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy

>>16630243
I've heard people argue against the CPI, but they never say why. Can you tell me what's wrong with it?

[Anonymous No.16631172]

>>16628673
Deflation

>>16629151
Investing is fairly safe. Just put the bulk of your portfolio in an index fund tracking the S&P 500, and it will be hard to go wrong.

>>16629233
The federal reserve's balance sheet is consolidated with the U.S. Treasury. All profits from the fed go to the U.S. government. There's not really a point in writing off debt because if the fed owns it, it's already as if it doesn't exist.

[Anonymous No.16631190]

>>16629514
So bitcoin is a problem for this, but our economic system is totally fine the way it is even if it encourages and relies on unnecessary overconsumption?