/biz/ - Business & Finance

[Anonymous No.25359526]

Suck it conspiracyfags, your doomer dreams will never come true. Inflation literally does not exist anymore. The Fed can print as much as it damn well pleases and it wont ever matter.

[Anonymous No.25359569]

>>25359526
Okay? If it doesn't exist then just print all of us $2000 every month as UBI. I'm fine with that.

[Anonymous No.25359591]

>>25359526
wow based, its a new paradigm and its different this time.

[Anonymous No.25359594]

>>25359526
I think this is the denial stage of coping with the death of America.

[Anonymous No.25359616]

>>25359526
then why can't i buy a house around here for less than a million dollars? it's the same house from 20 years ago. no improvements or anything.

[Anonymous No.25359668]

>digital correspondent for cnn business
>2014
outdated, liberal bullshit

[Anonymous No.25359768]

Inflation doesnt really affect domestic purchasing power. It would make imports a bit more expensive though. China/SEA loves exporting to us though so it would just lead to new trade deals.

[Anonymous No.25359813]

>>25359768
Why can’t I get 99 cent double cheeseburgers or 2 tacos for 99 cents at Jack in the box any more

[Anonymous No.25359820]

>>25359569
Then people wouldn't be enslaved to creditors

[Anonymous No.25359874]

>>25359526
Chapwoodindex.com you literal nigger

[Anonymous No.25359924]

>>25359526
>2014

[Anonymous No.25359956]

>>25359813
Because people were willing to pay more. It literally has nothing to do with inflation.

[Anonymous No.25359957]

>>25359813
Because capitalism is bad somehow

[Anonymous No.25359964]

>>25359526
> la monica
dropped

[Anonymous No.25359970]

>pretty much
>basically

is this the level of journalists now?

[Anonymous No.25359997]

>>25359526
>Inflation is only consuuuumer goods Inflation
Houses, stocks and everything of worth and doubled there value compared to USD. This is a massive inflation of everything exept daily needed consumer goods.

[Anonymous No.25360018]

>>25359768
lol look how much $ purchasing power has decreased in the last 50 years and how little real wages have increased.

[Anonymous No.25360040]

>>25359956
Ok you are even more stupid as i could imagine.

[Anonymous No.25360042]

>>25359526
>inflation doesn't exist
>but coronavirus does
Typical mainstream news

[Anonymous No.25360118]

>>25359526
>inflation doesn't exist

[Anonymous No.25360156]

>>25360042
retard detected. coronavirius has millions of cases and deaths. inflation is nothing but a theory to pump your bitcoin scam before it goes to zero.

[Anonymous No.25360224]

>>25360156

>inflation is nothing but a theory to pump your bitcoin scam before it goes to zero.

[Anonymous No.25360233]

>>25359569
Go back to R*ddit commie scum.

[Anonymous No.25360242]

>>25359526
Inflation technically means just expansion of the money supply not price increases. Prices can stay the same or drop a little for some things, but still drop less than they otherwise would if the money supply had expanded less.. Some prices might stay the same or drop despite large increases in the money supply over the years, simply due to increased technological and economic development. That does not make large expansions of the money supply a smart or moral thing to do.

>>25360156
Bitcoin's growth hasn't been solely dependent upon fiat currency devaluation or retail price increases.

[Anonymous No.25360253]

As is most money printing will not lead directly to severe CPI inflation.
The stimulus checks however did/will espcially if $2000 goes through.

It's about how much of the printed money actually circulates and as is, most never leaves Fed balance sheets or trickles out. Remember a lot of money we print is the government forgiving its own branches of debt (see omnibus bill now there's like a 1bn item for just printing money to forgive the post offices past loans.) The Fed mostly prints money, buys corporate debt, then corporations buy bonds directly from the Fed.

[Anonymous No.25360312]

>>25359526
Inflation is a meme.
Don't buy that Bitcoin thing.

[Anonymous No.25360342]

>>25360224
nice rebuttal dumb fuck shitcoiner
>>25360242
wrong bitcoin is growing on tether scam

[Anonymous No.25360409]

>>25360156
>inflation is nothing but a theory

>>25359526
>Inflation literally does not exist anymore.

[Anonymous No.25360487]

>>25359820
people arent enslaved to creditors. you can declare bankruptcy anytime. theres a reason trump did it a bunch. theres no debtors prison anymore

[Anonymous No.25360501]

>>25359526
>basically doesn't exist
Yeah, a lot like how heat increase is basically nonexistent to a slowly boiled live frog.

[Anonymous No.25360535]

>>25359526
>Inflation doesn't exist
>look at these metrics and models we use to deliberately mask how high inflation actually is, it's not even 2%
Yeah bro, inflation isn't real thats why everyone is piling as much money as they can into equities, real estate, and crypto.

[Anonymous No.25360576]

>>25360342
Inflation has literally existed since money was invented retard. Its not "a theory to pump bitcoin".

[Anonymous No.25360762]

>>25360409
submit retard
>>25360576
and the dollar is always king it doesnt matter dipshit

[Anonymous No.25360809]

>>25360576
MMT look it up bitconner. Inflation is literally impossible in a modern advanced economy. Give up on shilling your scam money.

[Anonymous No.25360844]

good news UTZ boys i just tried bapp's chips and they kick ass and are made by utz

[Anonymous No.25360908]

>>25359569
Why stop at $2000? Print everyone a billion dollars. We can all be rich and end world poverty.

[Anonymous No.25360961]

>>25360809
MMT is ridiculous court-intellectual trash made up by hacks who owe their livelihood to the state and thus are in the business of rationalizing whatever the political elite wanted to do already regardless of how economically deleterious it is to most people.

You continue to stay an impoverished NPC stuck on your hamster wheel though, while resenting people smart enough to not believe every retarded shill of the establishment status-quo that is popular on /r/buttcoin.

[Anonymous No.25360970]

>>25359956
Because of inflation retard. The supply of food hasn't changed and neither has the quality.

[Anonymous No.25360971]

>>25360242
>Inflation technically means just expansion of the money supply not price increases
No. It means price increases.

[Anonymous No.25361021]

>>25359957
It's alwats because capitalism is bad. It's never inflation. As the country has shifted left policy wise things have gotten slowely progressively worse but it's always the fault of capitalism.

[Anonymous No.25361106]

>>25359813
This. Around 2010 being a young 20's lad, I was going out to fast food several times a week and everything was "about a dollar." Then I stopped going to fast food for a few years and then I go now and am flabbergasted that the prices have all doubled.

That is what made me realize that inflation is out of control and I gotta invest. The only reason why I think grocery store food is still cheap is because I'm certain that most of it is subsidized. It would all quadruple overnight if the government didn't artificially keep food cheap. You gotta be prepared for the collapse of government/USD

[Anonymous No.25361152]

>>25359569
Inflation exists, but only when the 90% of people get access to a shit ton of money.
So basically as long as the majority stays poor then the economy can still command people to do things out of the need for cash?

[Anonymous No.25361258]

>>25360253
>most never leaves the Fed balance sheets
When the Fed does QE it takes a treasury asset on its balance sheet and deposits the $ reserve balance to the bank it bought the treasury from. Bank has $ reserves on its balance sheet and can reallocate them according to OCC, CFR 12, Nat Bank Act, etc. so a lot of potential trickling out.

>forgiving past loans
Its rolling debt over. Buying old debt with new debt at a new rate. It still has to be paid back.

>corporations buy bonds directly from the Fed
Happens only in QT and only through dealer banks, and the Treasury issues the bonds, not the Fed.

[Anonymous No.25361259]

>>25360971
No, its because you will literally pay for it. Inflation has been proven to not exist.

[Anonymous No.25361276]

>>25361021
Because brainlets who don't appreciate proper definitions like >>25360971 are so fucking intellectually lazy they become satisfied with definitions like capitalism = "the economic system of the United States" regardless of how radically the US or any country might depart from the real definition.

>>25360971
Price increases are an effect of inflation, dipshits and economic sophists over time came to equate the two which muddies the understanding of economic cause and effect for the purpose of shilling central bank money printing. "You didn't notice us adding more digits to the money supply and then loaning it out at interest, therefor it's okay".

[Anonymous No.25361314]

>>25361152
False. Infation still exists even if the 90% don't get extra dollars. It just causes all asset prices to spike like the cost of homes and stocks and gold.

[Anonymous No.25361364]

>>25361259

If everyone is suddenly willing to pay more for everything, it's because there's more dollars in the system, not because the demand for bigmacs suddenly tripled.

[Anonymous No.25361377]

>>25361259
You really shouldn't speak if you know nothing

[Anonymous No.25361421]

>>25361259
Look up the definition of inflation.

[Anonymous No.25361443]

>>25361364
A dollar is still worth a dollar. Just because you are retarded and accepted the higher price didn't change the fact that a dollar is still a dollar.

[Anonymous No.25361563]

>>25360971
inflation is expansion of credit or money supply. if any goylem with a pulse can take out a loan ie credit of course prices will rise as a result.

[Anonymous No.25361571]

>>25361364
This

[Anonymous No.25361622]

>>25361443
>a woman is still a woman
yikes, y’all

[Anonymous No.25361736]

>>25361443
An gram of gold is still a gram of gold. Can you buy way more or way fewer big macs with an oz of gold than you could 20 years ago? No you can't. But my dollar buys me way fewer big macs than it did 20 years ago. That is infation at work. Your statement has no point. It's just empty words. You don't even know what you're saying.

[Anonymous No.25361739]

>>25361622

[Anonymous No.25361775]

Hasn't this board suffered enough?
Paid shilling, paid fud, seething nocoiners violently shitting up the catalogue, deluded and/or seething cripplets, suicidal nulinkers, depressed stinkers, retardation of any kind and your idea of fun is to "I was only pretending to be retarded" troll on new year's eve?
I'm just trying to spend some quality time with my bros here and man, you're absolutely not giving off a good vibe.

[Anonymous No.25361808]

>>25361443
A gram of gold is still a gram of gold. Can you buy way more or way fewer big macs with a gram of gold than you could 20 years ago? No you can't. But my dollar buys me way fewer big macs than it did 20 years ago. That is infation at work. Your statement has no point. It's just empty words. You don't even know what you're saying.

[Anonymous No.25361870]

>>25359970
This was 6 years ago. But yes, journalists are generally scum and terrible writers.

[Anonymous No.25361893]

>>25360156
It's just a cold, bro.

[Anonymous No.25361908]

>>25361736
I've heard an interesting story about gold. It went something like this. Two thousand years ago, with a gold coin in hand, you could buy a really nice Roman robe and sandals. Today, with the same amount of gold, you'd be able to a really nice suit and shoes. Gold has retained its value in such a way that you can get the same amount of goods that you could back then that you could today. The same couldn't be said about the dollar. $100 would get you a ton of stuff back in the 1920's, but not so much today.

[Anonymous No.25361956]

>1 penny used to be valuable
>Inflation no exist!
The absolute state of poor fag normies.

[Anonymous No.25361962]

>>25359526
>close down economy
>wtf people are not spending their money?!

[Anonymous No.25362082]

>>25361908
Yes because you can't mass produce gold the same way you can mass produce fiat currencies. Everyone is getting poorer because they choose to hold their savings in an infationary piece of dog shit. And then they blame capitalism on why they can't afford a home when it is capitalism that brings cheap goods. Homes are cheaper in texas and florida and they have more conservative values.

[Anonymous No.25362087]

Guys, we're wasting our breath arguing with Fed-worshipers. They're so convinced of the government's divinity and infallibility that nothing we say will change their mind. Even Weimar Republic 2.0 was happening right now, people would still shill out for the status quo.

Funny how we've replaced Gods with governments to worship.

[Anonymous No.25362163]

>>25362082
No, it has everything to do with capitalism because its a system that incentives greed. Inflation is the boogie man to scare you with as a reason for them to raise their prices to screw you more.

[Anonymous No.25362188]

>>25359526
i buy the same things at the grocery store for the last ten years. i used to pay around $50...now i pay around $65...whats up with that?

[Anonymous No.25362256]

>>25359957
Retard faggot

[Anonymous No.25362320]

>>25362082

>Everyone is getting poorer because they choose to hold their savings in an infationary piece of dog shit.

This guy gets it. Oh, and if you ARE going to ONLY to use the inflationary piece of dog shit, at least do yourself a favor and invest in stocks if not crypto, and some property. Those retain value.

>Homes are cheaper in texas and florida and they have more conservative values.

Yeah homes are definitely cheaper down here in the south. But desu, idgaf about muh tradition and muh conservative values. Fortunately, it doesn't affect me because I'm not really in the social scene anyway and stick to close friends and family.

I'm just tired of the corrupt governments of the world bitch slapping people around while they actually defend their horseshit.

[Anonymous No.25362492]

>>25362163
Big government incentives greed just as much as big business. The result of giving power to the governemnt to reduce the size of monopolies has only made them larger. Government and business work together now. Get rid of government and current monopolies will die out. Not a single well know economist that has ever existed has supported Marxist economic ideas besides Marx himself. Marxism has been disproven in academic settings.

[Anonymous No.25362602]

>>25362087
Agreed. It is pointless arguing with someone who's end goal is to argue instead of finding truth.

[Anonymous No.25362667]

>>25359591
kek

[Anonymous No.25362702]

>>25362492
LOL, what. Have you ever been to a university? Marxism absolutely does work if executed properly. The excuse of inflation is used to prevent people from making a better system than destruction of capitalism.

[Anonymous No.25362704]

>>25360908
Because then you'd have inflation.

[Anonymous No.25362769]

>>25362704
That's the point. We have inflation now. It doesn't just magically form once you print a certain amount of dollars. It's always there.

[Anonymous No.25362777]

>>25361739
STOP UNDILATABLE TRANNY

[Anonymous No.25362842]

>>25362769
We don't have enough inflation for the 2% target, it's why the Fed lowered interest rates to 0.

[Anonymous No.25362997]

>>25360156
If inflacion is not real why don't you hold you money on Venezuelan currency?
Nigger faggot

[Anonymous No.25363015]

>>25362842
https://fred.stlouisfed.org/series/M2 >>25362842 There's more than one form if inflation bro. I'm talking about increase in the money supply which is way past 2%. It's out of control. That's why asset prices are taking off in the m8ddle of a recession.

[Anonymous No.25363045]

>>25363015
>I'm talking about increase in the money supply
I'm not.

[Anonymous No.25363177]

>>25362702
Yeah bro. That's where it took ecobomics classes and learned hiw destrictive Marxism is and why it doesn't work. You can't even name one well known economist who advocates for Marxism besides Marx himself because everyone knows you need at leazt some form of capiralism so your country doesn't completely starve to death.

[Anonymous No.25363303]

>>25359616
This has already been debunked

[Anonymous No.25363323]

>>25363045
I know.
>>25362702
Yeah bro. That's where I took economics classes and learned how destrictive Marxism is and why it doesn't work. You can't even name one well known economist who advocates for Marxism besides Marx himself because everyone knows you need at least some form of capitalism so your country doesn't completely starve to death.

[Anonymous No.25363397]

>>25363323
Then there's the answer. There's a world of difference between the price level inflation of printing $2000 and printing a billion dollars.

[Anonymous No.25363420]

>>25359956
Are you actually in the double digit iq club?

[Anonymous No.25363424]

>>25363397
Then renounce Marxism or disagree.

[Anonymous No.25363464]

>>25363424
Marx belongs in the museum of human errors.

[Anonymous No.25363683]

>>25363464
I thought you were the guy praising Marxism. I think that if the government has to give handouts over a lockdown that they shouldn't have implemented in the first place it should go to small business owners so more businesses don't close down (over 35% have closed their doors permanently since lockdowns began) and not to the able bodied who aren't working since $2000 will actually contribute directly to inflation if given to the lazy who could work but aren't.

[Anonymous No.25363734]

>>25359569

[Anonymous No.25363764]

>>25359768
Major retard

[Anonymous No.25363783]

>>25359526
>inflation doesnt exist
I wonder who could be behind this article

[Anonymous No.25363797]

>>25360342
Bitcoin isn't increasing in value, the dollar is decreasing.

[Anonymous No.25363854]

>>25362769
I think just about 50% of all Americans could actually use less food

[Anonymous No.25363870]

>>25361259
You're a retard
Take econ 101 and stop being a shit brain

[Anonymous No.25363874]

>>25363683
A) I agree that lockdowns were both useless and unnecessary
B) The entire point of UBI is that it gives equal amounts to those who work and those who don't. There are no disincentives or poverty trap that exists with UBI, which is greatly superior in contrast to existing systems of Unemployment and Food Stamps etc.
C) You assume that the economy needs all of its population to be in the work force to be productive. There are many faults to this logic but the most important ones are that the unemployed are an important reserve labor force, and second is that labor is not additive especially in our current advanced economy. From the book "The Mythical Man Month":
>Its central theme is that "adding manpower to a late software project makes it later."

[Anonymous No.25363894]

>>25361443
>accepted the higher price
Anon people need to eat, how can you not accept the prices?

[Anonymous No.25364701]

>>25359997
>and everything
everything what you literal brainlet
your tiny head can't comprehand stocks and housing are in a massive bubble or something? yeah it must be dollar crashing when there is basically no consumer inflation, totally not my stonks being beyond any reasonable price, new paradigm btw

[Anonymous No.25365133]

> stop measuring increase in healthcare costs, housing, food and university in your inflation index

We’ve solved inflation guys.

[Anonymous No.25365143]

>>25359997
>Inflation is only consumer goods
This, but unironically. Property and stock bubbles aren't inflation. Inflation is the cost of groceries going up.

[Anonymous No.25365446]

>>25361021
how is it the fault of capitalism?

[Anonymous No.25365656]

>>25365133
This anon gets it

>>25365446
He's saying "capitalism" (free market in the interest of free exchange of goods and capitalism ruthless profit seeking at the expense of the community are really two different things) always gets the blame and not inflation, when inflation should be the thing being blamed, not free markets (in principle)

[Anonymous No.25365825]

>>25365133
>solved inflation
Inflation is a feature, not a bug.
The Federal Reserve has openly stated their two primary goals are keeping unemployment rate below a set amount and keeping inflation at a set amount. They fail to meet their second goal if inflation isn't high enough. Inflation rate not being high enough would mean more of a financial burden on people in debt.

[Anonymous No.25365845]

>>25359526
Actually, hyperinflation occurred in assets and real estate this year, 20%-100%+.
CPI does not include assets or real estate.
>CPI inflation basically does not exist
Yep, normie still doesn't notice any difference.
A $2000 stimulus direct to US residents will blow up CPI.

[Anonymous No.25365921]

Alright, so you or your friends don't require a student debt bail out then.

"Alright Karen, you made 10000 in the stock market this year, but you owe your government 4000 dollars.'

"WTF!"

[Anonymous No.25366032]

>>25365825
You mean they've stated they haven't printed up to their goal of a certain amount of dollars to spend for their own benefit?

[Anonymous No.25366190]

>>25366032
I don't think the Federal Reserve want to print money for the sake of personal gain honestly. They're mostly already as wealthy and powerful as you're going to get in one lifetime and it's more that they're pot committed to modern monetary theory and have no choice but to keep going down that road. Inflation at least keeps people spending instead of hoarding and reduces the burden of debt on poor people carrying it.

[Anonymous No.25366313]

>>25359616
so what happened isn't inflation really but market rate went down a lot.
Investments assets are discounted by the interest rate, so they are now valued much higher.
It's not real inflation because commodities are low and mostly unchanged for the last 15 years.

[Anonymous No.25366424]

>>25366190
>I have a money printer
>Well, guess I have no choice but to print money to spend hee hee what a horrible burden that I have saddled myself with! Oh the horror!

[Anonymous No.25366451]

>>25359526
Wow. I can't believe they
Would publish such lies

[Anonymous No.25366498]

Imaging being such a NPC you believe every story coming out of articles like a good little slave.

If news told you to put on a mask you would do it, if the news told you to being a women is good for you, you would do it. If the news told you to eat shit because you are human trash you would do it.

See the pattern here? People so indoctrinated they are blindly by the truth even when it's right in front of them.

[Anonymous No.25366501]

>>25366190
yes they've graduated from printing money for their own benefit the inflicting psychological horror for its own sake

[Anonymous No.25366587]

>>25366498

theres no use being mad at npcs, they were programmed to be window dressing for this reality we find ourselves in

[Anonymous No.25366964]

>>25360809
Kys

[Anonymous No.25366998]

>>25366424
They are doing it because its the best thing for society. MMT has proven to be the most successful economic theory ever made.

[Anonymous No.25367351]

>>25361259
The politicians of pic related spent from 1998 to 2012 asserting that inflation doesn't exist. Guess what happened? The worst economic crash of the entire continent. It's now on the level of Africa despite having oil reserves.

[Anonymous No.25367403]

>>25366313
i still can't afford a house even though i make twice what my parents made. they bought a house. fuck you.

[Anonymous No.25367428]

>>25359526
if she says so, it's just all the stuff i buy got magically more expensive by 50% the last 10 years. or more...

[Anonymous No.25367452]

>>25359526
If inflation doesn't exist then why does housing cost like 10x what it used to during my parents' generation?

[Anonymous No.25367458]

>>25359997
>you will own nothing and you will be happy eating the bugs

[Anonymous No.25367521]

>1960
>house costs 2 nano seconds of work
>2020
>house costs 9078402947208934720492304820395788734895739587384957397459456263456234568906757090485305003507349097789498696800983405 years of work
>there exists no inflation

[Anonymous No.25367593]

[Anonymous No.25367640]

>>25359526
>he says while stepping over homeless people

you people are all fags

[Anonymous No.25367785]

>>25367351
Venezuela is only in the spot its in because of US economic terrorism. Considering everything being done to stop them, they are doing extremely well. Stop lapping up the propaganda.

[Anonymous No.25367855]

>>25367785
Umm actually venezuela is a socialist paradise

[Anonymous No.25367949]

>>25359956
The best thing about this post - it isn't even a bait attempt

[Anonymous No.25368221]

>>25362704
so then just print a million?
or just print $999,999?
or just print $999,998?
see where I'm going with this?

[Anonymous No.25368241]

>>25367855
was truly

[Anonymous No.25368250]

>>25363783
Well it slowed down alot, until 2020

[Anonymous No.25368286]

>>25367593
> why electrocuting my dick at very high temperature might not cause it to fall off

[Anonymous No.25368424]

>>25359594
It's just max judaism.

[Anonymous No.25368684]

>>25360908
Give this man a Nobel price of peace!

[Anonymous No.25368924]

>>25361106
>The only reason why I think grocery store food is still cheap is because I'm certain that most of it is subsidized

the sizes keep getting smaller, too. and probably less quality ingredients in the processed crap. that's how they keep costs down.

[Anonymous No.25368967]

>>25367855
Bernie was right.

[Anonymous No.25369428]

>>25359956
lol you are so retraded

[Anonymous No.25370663]

Ok assuming inflation doesn't exist anymore (it does it's just offset by printing money)

That means that true inflation is simply the fact that the dollars value goes down.. Either way it's the same thing... Loss of purchasing power, whether it's because prices increase or the cake of currency decreases whatever you want to call it, it's the same thing.

[Anonymous No.25370687]

>>25359526
enter: GLCH

[Anonymous No.25371584]

>>25359526
Inflation moved from consumer goods to property. You can buy a dozen eggs for a buck, and you really need them after 90% of your income goes to rent...

[Anonymous No.25371691]

>>25371584
This. Asset inflation.

[Anonymous No.25371717]

>>25359569
no inflation from stimmy because its being matched by feds repurchases and QE. when the fed even fucking hints at ending QE, sell. sell. SELL.

[Anonymous No.25372189]

>>25359813
I get the same thing at In-N-Out everytime.

Just noticed the other day the bill increased from $17.78 to $18.65