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> Increasing unemployment decreases demand and therefore prices. said differently (and maybe cynically): the only way to reduce prices is to make people jobles
by andrekandre 4y ago
> Increasing unemployment decreases demand and therefore prices.
said differently (and maybe cynically): the only way to reduce prices is to make people jobless and potentially homeless, destroying families and potentially peoples lives in the process...
maybe i am crazy, but this seems like a really bad way to run an economy?
- chasd00 4y agoYou’re not crazy and it is bad but that’s how it operates. At the macro scale, the people making these decisions are just looking at percentages on a spreadsheet and turning knobs to get them where they want them.