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And when inflation becomes a self-reinforcing inflation loop, we get zimbabwae and argentina and venezuela. The US suffered a few years where I lost a bit over
by vsuperpower2020 2y ago
And when inflation becomes a self-reinforcing inflation loop, we get zimbabwae and argentina and venezuela. The US suffered a few years where I lost a bit over 10% of my savings and income per year. Inflation is currently taught as "correct" in schools but I suspect that's just the current trend.
- kevin_thibedeau 2y agoIt's "correct" for those with deep pockets who want the benefit of near zero interest rates steering people into their investment schemes. Force everyone onto a treadmill they control to reap exclusive rewards from the capital of others.
- imtringued 2y agoYou know those investment schemes are endorsed because they create jobs? Figure out a way to keep everyone employed without them and you have solved the problem.