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What happens when inflation rises to the point people can’t purchase goods effectively? Reduced consumption. What happens when you lockdown the economy and for
by lettergram 5y ago
What happens when inflation rises to the point people can’t purchase goods effectively? Reduced consumption.
What happens when you lockdown the economy and force people out of the workforce — less production (higher cost of goods).
I agree it’s delusional, but I’m pretty sure they’re doing it.
https://en.m.wikipedia.org/wiki/Great_Reset https://en.m.wikipedia.org/wiki/Great_Reset
Of course, the stakeholders will become massively rich.
- thunderbird120 5y agoInflation is usually demand driven and it certainly is in the current case. It is the result of INCREASED consumption. U.S. consumer spending (adjusted for inflation) is significantly above the pre-pandemic peak https://tradingeconomics.com/united-states/consumer-spending https://tradingeconomics.com/united-states/consumer-spending
- lettergram 5y agoI believe that assumes correct inflation figures. I don’t know if those are accurate. I can tell you almost all goods and assets are up over 6% this year. Hell, Kraft-Heinz, General Mills, etc are all raising prices 20% in January 2022, etc
- gjs278 5y ago