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Prices are not rising because people have too much money and are over purchasing food and energy just to show off to their neighbours. If that were the case th
by gghhzzgghhzz 4y ago
Prices are not rising because people have too much money and are over purchasing food and energy just to show off to their neighbours.
If that were the case then there are things that would work. Increase taxes on income, unearned income, wealth and excess profits to take money out of the economy (MMT theory would support this if the issue was genuinely too much money) Introduce price controls and rationing on food and basic services including energy and housing to stop profiteering.
- phpisthebest 4y ago>>Prices are not rising because people have too much money and are over purchasing food and energy just to show off to their neighbours. I dont believe I said that in any statement, that is red herring and strawman in one. Good job... Most of the expansion of the monetary supply has been doled out in the form to debt not cash. However buying goods (Cars Home, etc) with massive amounts of debt still causes inflation Of course Supply chain issues account for some inflation as well, but not all of it. >> Introduce price controls and rationing on food and basic services In the entire history of the world, that has never worked, nor will it ever work
- ymolodtsov 4y ago> Introduce price controls and rationing on food and basic services including energy and housing to stop profiteering. Here are 100 roubles for you, comrade.