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You only have to look at how the US faired in high inflation periods in the past to realize how awful this is for normal working people. I'm amazed at how many
by merpnderp 5y ago
You only have to look at how the US faired in high inflation periods in the past to realize how awful this is for normal working people. I'm amazed at how many people are so flippant about something with hard data showing how destructive it is.
- Spooky23 5y agoLook at how we are fairing with 30 years of no inflation, fueled by collusive bank consolidation, creating “too big to fail” institutions and unlimited capital. How much of our economy is dominated by direct government spending, explicit or implicit support? IMO, the longer this status quo continues, the worse the outcome will be.