Wage growth has been another key leading indicator here.
Wage growth has begun to rebound in many parts of the economy.
These increased labor costs are passed on to consumers which fuels inflation
Okay but I keep being told that wage growth is the only way to deal with the inflation that’s already happened. Even other communists have been telling me “No you definitely don’t want deflation” for reasons I still don’t understand aside from “capitalists are stupid, easily panicked animals” but if wage growth just makes the problem worse what the fuck is there to do besides [REDACTED]
Also I’m still convinced the “problems” with deflation are imaginary and could easily be prevented by just forcing the capitalists to not fuck everything up.
Almost none of the problems that come from deflation actually have a material connection to deflation, it’s almost entirely “But deflation removed the market” which, simply do not allow the market to be spooked.
The way I've always heard it described is that if you are in a deflationary environment, there's no incentive to spend your money today when it will be worth more tomorrow, so it has a dampening effect on consumer spending and investment which is bad for the economy.
Okay but I keep being told that wage growth is the only way to deal with the inflation that’s already happened. Even other communists have been telling me “No you definitely don’t want deflation” for reasons I still don’t understand aside from “capitalists are stupid, easily panicked animals” but if wage growth just makes the problem worse what the fuck is there to do besides [REDACTED]
Also I’m still convinced the “problems” with deflation are imaginary and could easily be prevented by just forcing the capitalists to not fuck everything up.
Almost none of the problems that come from deflation actually have a material connection to deflation, it’s almost entirely “But deflation removed the market” which, simply do not allow the market to be spooked.
Wait why is spooked (past simple) cool but removed (3rd person, present simple) isn’t cool? I got reverse sremovedhorped
sremovedhorpe
oh wow it does do that
I wonder if it has a list of approved words it won’t do that to? Does sremoved work?
Edit: No it does not
removed removed. Spooked. Spooking? Spooker.
Also why does the slur filter remove a slur for intelligence agents
It's a slur for people of color from way back in the day.
Oh jeez really? I’ve never heard it that way, only as a slur for the CIA.
Why is that word a slur for so many different groups? POC, intelligence agents, and ghosts? And also it’s a verb.
Fascinating
The way I've always heard it described is that if you are in a deflationary environment, there's no incentive to spend your money today when it will be worth more tomorrow, so it has a dampening effect on consumer spending and investment which is bad for the economy.
Alright let’s do the deflation in one go then. Today eggs will be $6 tomorrow they will be $3, and companies can suck it the fuck up.
The only actual serious way of dealing with inflation in the long term is price controls, which westerners have been conditioned to think of as awful.
Taxes probably... or a whole lotta [redacted] of business owners involved in the necessities of life having been price gouging since COVID.