Economist Please

[Anonymous No.14520658]

Prices are rising all over the place because of inflation. Everything costs more. Each dollar is worth less. So prices go up. But no one is getting raises to compensate for the higher prices. Are we going to get hung out to dry? How long can an economy do this before it fails?

[Anonymous No.14520673]

Wages will adjust over the long run

[Anonymous No.14520675]

>>14520673
What if I want to be less broke now?

[Anonymous No.14520723]

>>14520658
Wealth splits into profits, wages and taxes. If wages are low then either profits or taxes are bigger. Basically the rich consume part of the profits and invest the rest, mostly on construction (like two thirds).
Peter Zeyhan says China isn't a low cost supplier anymore and that we will see a load of industry returning to the US/Canada and Mexico too. So a lot of construction can happen fast if wages are low.

[Anonymous No.14520800]

>>14520723
I also want to add that the loss of russian commodities will make everyone poorer. This means price raises and salary prices wont fully compensate inflation, the rich will be less rich and the wagies poorer too. But this will affect mostly europe and arab countries.

[Anonymous No.14520830]

>>14520658

[Anonymous No.14520931]

>>14520830
>(zero chance!)
oh trump... its been too long, old friend

[Anonymous No.14520956]

>>14520673
They dont. We are entering favela economics. Jewish mansions have air tight security and hired police body guards.

[Anonymous No.14521058]

>>14520658
It's gonna be bad, man.
Fighting inflation now is too costly, because interest rate hikes only directly affect production costs through the exchange rate. However, when a country appreciates its currency, every other currency depreciates in relation to it, leading every other country to also raise its own interest rate. The problem is that raising interest rates makes credit more expensive, reducing investment and inducing a recession.
On the other hand, if governments do not raise interest rates, wages' real value will fall, and lack of purchasing power will cause a recession.
In short, inflation will only fall when there's a recession. I suppose most governments will try to postpone thia adjustment until after the war ends, so they will probably compensate workers by increasing minimum wage or giving handouts in the meantime. But if one major country (US, China, Japan, EU, GB, and maybe India) decides to do the adjustment earlier by raising interest rates, every other country will be forced to do the same.

[Anonymous No.14521074]

>>14520956
>hired police body guards
they don't need to hire zogbots, they own the political parties, so their personal guards are paid for with zogbux from the money printer. they can get whatever they want for free by devaluing everyone else's savings.

[Anonymous No.14521088]

>>14520658
>How long can an economy do this before it fails?
no matter how bad inflation gets, one spud will bequeath the same number of potateo plants

in other words, if you had pic related, would you really care all that much? sure, prolly no 4chan as computers are a gajillion revolutions per minute on the printer, but you got 99.99% of whats important

scientifically speaking, why cant gardens be automated like laundry and dishwashing with raspberry pi-optimus prime build bots?

[Anonymous No.14521122]

>>14521088
>why cant gardens be automated like laundry and dishwashing with raspberry pi-optimus prime build bots?
because you're too lazy and stupid to do it, same reason why you think raising a garden yourself using simple tools the normal way is somehow too lowly of a chore for you to be bothered with.

[Anonymous No.14521136]

>>14520658
>How long can an economy do this before it fails?

You can look at any country with a large, basically permanent underclass like India or Brazil. That is your answer for "how low can it go."

[Anonymous No.14521190]

>>14521122
>because you're too lazy and stupid to do it
I see, than i get started right away

> same reason why you think raising a garden yourself using simple tools the normal way is somehow too lowly of a chore for you to be bothered with.

preposterous, i recently walked off my 6 figure remote dev job to do just that on my families homestead

[Anonymous No.14522754]

>>14521136
>muh class mobility
looks like we got a temporarily embarrassed billionaire here with us. what an honor

[Anonymous No.14522769]

>>14521122
Since when are soldiers symbols for skills or knowledge?

[Anonymous No.14522784]

>>14521122
I know it's supposed to be a shovel, but every time I see this image, it looks like the man is carrying a big bomb shell in his backpack.