2 ms·
It's better for you individually-immediately, but on the larger scale the government policy is that average prices cannot go down. So then the government create
by mindslight 2y ago
It's better for you individually-immediately, but on the larger scale the government policy is that average prices cannot go down. So then the government created enough new money to make the lower priced item cost $10. And due to kayfabe "fiscal responsibility", the government couldn't even spend that new money (representing shared surplus from tech/market progress) on useful things, and instead just dumped it into the housing bubble.
- lazide 2y agoWhat, consequences?!! In my economy? Clearly that isn’t actually why and it’s all the fault of (checks notes) illegal immigrants. I’ll warm up the military transports right now!