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By your argument the cost of food/goods are going up because we're becoming less efficient at producing it. This is not how inflation works, and that's not how
by shawnb576 12y ago
By your argument the cost of food/goods are going up because we're becoming less efficient at producing it. This is not how inflation works, and that's not how deflation works.
Maybe go bone up on your basic economics?
- jbooth 12y agoBasic economics are just, like, what the man wants you to think, man.
- chisleu 12y agoNo... That isn't my argument at all. I guess you should go back and read my argument again because you clearly can't understand it in a single go. The reason the prices go up are because the fed absorbs all of the technology-powered reductions in price in order to maintain an artificial level of inflation. You are a baboon.