Another article telling us we're wrong to be pissed off about inflation and high prices. How about some more articles about wage stagnation, wage theft, and wealth inequality?
Wage stagnation is good for business to fatten their bottom line and keep inflation in check. Wage theft? Employees are dedicated and provide companies with surplus labor. Wealth inequality? Everyone not in the 1% is just temporarily embarrassed.
- Some economist
Lol, this is why hate I economists. Thanks for telling people they're wrong for wanting things to be more affordable rather than providing economic solutions to making things more affordable. It leaves less than desirable political solutions like Trump's fascism to step into the fray and offer something instead.
Wishing for deflation in a vacuum means reducing demand, which typically a sign of depression in the economy.
If you want to decrease prices without collapsing the economy, you are going to need significant government intervention. Fortune doesn't want to tout that as an option since their readers would likely be affected by higher taxes due to this.
"Economists" are to capitalism what the priest class was to the feathered serpent: professional assuagers whose job is to rationalize and justify human sacrifice.
Okay, so can I have higher wages to pay the higher prices?
"No that's inflation lol"
Every time someone says "economy" I change it to "rich fucks" in my head and it works amazingly well. Lower prices are bad for
the economyrich fucks.The economy isrich fucks are really strong right now. Inflation bolstersthe economyrich fucks, this move would destroy theeconomyrich fucks...I need a bit of dark humor like that in my life, so I don't feel too bad whenever I look at my bank statement...
