Post Ai1vK2aJkFpQIAPF8y by mvyrmnd@aus.social
 (DIR) More posts by mvyrmnd@aus.social
 (DIR) Post #Ai1uaC8jt36Mbde5aa by ajroach42@retro.social
       2024-05-18T22:43:49Z
       
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       Who decided that monetary inflation was normal or desirable?
       
 (DIR) Post #Ai1ulqeFcPJ9QRwRwe by mvyrmnd@aus.social
       2024-05-18T22:45:45Z
       
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       @ajroach42 Shareholders
       
 (DIR) Post #Ai1uwBnHr0PHu66DWS by ajroach42@retro.social
       2024-05-18T22:47:46Z
       
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       @mvyrmnd is inflation good for shareholders?
       
 (DIR) Post #Ai1vK2aJkFpQIAPF8y by mvyrmnd@aus.social
       2024-05-18T22:52:04Z
       
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       @ajroach42 It's good for the share price
       
 (DIR) Post #Ai1vRb2W2cShB9CN4S by ajroach42@retro.social
       2024-05-18T22:53:29Z
       
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       @haitchfive thank you
       
 (DIR) Post #Ai1wEMNdKiZFu3KQBU by intransitivelie@beige.party
       2024-05-18T23:02:14Z
       
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       @ajroach42 The people who sold us on the idea that monetary inflation is responsible for things actually caused by corporate greed?
       
 (DIR) Post #Ai1xMa5QMD4YgQIMHw by djsundog@toot-lab.reclaim.technology
       2024-05-18T23:14:55Z
       
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       @ajroach42 I don't know but I bet @connor_dylan does
       
 (DIR) Post #Ai1zW8EEzDxL5W6JaC by flyingsaceur@ioc.exchange
       2024-05-18T23:39:07Z
       
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       @ajroach42 I heard it was the aftermath of the Pullman Strike: pay cuts for more profits, things got so bad that Pullman was buried in an unmarked grave because it would get desecrated. Since then, steady inflation means that raises slower than inflation are effectively pay cuts without the riots
       
 (DIR) Post #Ai2010lklq1oviV6Y4 by ajroach42@retro.social
       2024-05-18T23:44:42Z
       
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       @flyingsaceur if you subscribe to the theory that the point of a system is what it does, not what it was allegedly intended to do (as I do, as I believe everyone should) then this is a perfect explanation for inflation.
       
 (DIR) Post #Ai20Q8QhQUvJvadI2K by flyingsaceur@ioc.exchange
       2024-05-18T23:49:15Z
       
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       @ajroach42 Yup. I want to say Milton Friedman said “the rising tide raises all boats” about inflation but that is only good if you own a boat
       
 (DIR) Post #Ai2DCfhgDVqsTVUAvg by theothersimo@mastodon.social
       2024-05-19T02:12:27Z
       
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       @ajroach42 if you stipulate1) that “inflation” is an average of all consumer expenses, therefore some costs are rising or falling at a rate significantly different from the average. Anything government can do to push inflation close to zero will cause some sectors to drop below zero before the average can reach zero.2) that deflation is more destructive than inflation.then it follows that the economy is best off with inflation somewhere greater than zero
       
 (DIR) Post #Ai3Ngx977kmNxWM6oS by seachanged@mastodon.social
       2024-05-19T15:44:42Z
       
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       @ajroach42 Any sovereign power who has ever held a debt that they need to repay: no better way to do it than with inflated currency.