Since working class people typically pay their debts off an income it wouldn’t be much of a problem.
If they have to take a pay cut because “prices are lower you don’t need to be paid as much” it would be a a problem. Also the price of houses go down. Congrats you owe more than your house is worth. You still gotta pay off that upside down mortgage tho!
because any inflation or deflation is means for an employer to trim the wages they pay.
Yup. But with the deflation you get the added bonus of the value of the money you owe increasing. Upside down mortgages, bankruptcy, foreclosures, people gotta find a new place to live, fun times for everyone!
See there’s a reason a slow and steady inflation is the norm. It’s super bad to have the money you owe increase in value. But a war in the part of the world where most of the grain is produced caused grocery prices to go up a lot and drove inflation way higher than normal. But inflation is under control now. But unfortunately the inflation that already happened can’t really be reversed. Get your boss to give you a raise, join a union if you have to. Unlike nearly every time in history when this kind of thing has happened there isn’t a recession following a bout of inflation, which is pretty much unheard of. Biden stuck the soft landing.
Also deflation increases the value of money for the wealthy. Why does the socialist crowd want deflation which increases the value of wealth for those who have it? Right, because they’re too busy cosplaying as socialists they don’t care enough about the real world economic effects on the working class to bother trying to understand how anything works.
Old Joe actually cares about the working class, he stuck the soft landing (the economic equivalent of landing on the moon) and is now pursuing trust busting. The socialist and MAGA crowd (basically the same kind of people) are all mad about it.
At least thats what I tell myself, because I refuse to believe that there are so many people here stubbornly refusing to believe experts who have studied their fields for years. Just because I don’t understand something doesn’t mean that nobody understands it. I’m constantly amazed by people who make advances in areasthat I have little experience in personally, but I know enough about the scientific community to agree that these contributions should be lauded.
Nevertheless, expect to be brigaded by downvotes for trying to bring logic into the discussion.
I’m fairly certain the hexbear instance is a Chinese troll farm. My instance isn’t federated anymore, but I remember conversations with them would come to an instant halt by simply linking to the wikipedia entry on the Tienanmen Square massacre.
But yeah lemmy doesn’t have the resources to detect traffic from troll farms, so they’re bound to be around.
I think Russia has a bigger operation going on… it’s weird that people in every country in the west blame their own government for high grocery prices and no one even mentions a disruption in the world wide grain supply (the thing that bread is made out of and is in animal feed) being at least a contributing factor to inflation. Inflation on grocery prices is nearly double of that of everything else, so it feels like grocery prices are driving inflation. Perhaps a worldwide shortage of grain might be a factor? Right wing people blame the government, left wing people blame the corporations. Yeah every government and/or grocery store in the world decided to do this all at the same time.
Isn’t odd how in all of the conversations around who’s who blame for inflation you didn’t see the finger being pointed at Putin all too often?
But that’s not just Lemmy, Putin escaped any kind of blame for the worldwide inflation everywhere. Should’ve at least been discussed a little I think. I suspect Russia’s got a much more sophisticated widespread influence operation going on to keep everyone blaming everyone else except for Putin.
That being said, there are plenty of young people that do indeed say things like “late stage capitalism” all the time. Enough they were joking about it on the Pod Save America Offline podcast today… “so can you name the other stages of capitalism?” Tankie socialism is a real thing espoused by flesh and blood people in the west. I think it’s mostly just rebellious kids wearing Che Guevara t-shirts that some corporation probably profited off of.
And I’m not going to claim to be an economics expert. I minored in economics in university many many moons ago, so I know the basics about fiscal policy and monetary policy. Enough to know that Biden is doing crazy good on the economy. Wish the trust busting thing would come along a little faster, but the wheels of the government never turn as fast as we’d like.
Nevertheless, expect to be brigaded by downvotes for trying to bring logic into the discussion.
Oh noes… Not my internet points! LOL
More likely I’ll get blocked because it’s lemmy.ml Clicking post now… let’s see it it still works.
The socialist and MAGA crowd (basically the same kind of people)
What even is this? Horseshoe theory brainworms? Either you are with us or you are with the terrorists? You think people who want to end capitalism are the same as the people who want to maintain it?
I’m fairly certain the hexbear instance is a Chinese troll farm.
Anyone who isn’t either a liberal or MAGA must be a paid shill of a government the Atlantic Council doesn’t like this week. Not other possibility exists, thanks to two red scares and two cold wars.
I remember conversations with them would come to an instant halt by simply linking to the wikipedia entry on the Tienanmen Square massacre.
Imagine thinking that Russia or China would focus on manipulating opinions of a tiny community with a few thousand users many of whom don’t even live in US. It’s absolutely incredible to see how any time liberals step out of their echo chambers, they refuse to even contemplate the fact that people might have different ideas from their own.
If they have to take a pay cut because “prices are lower you don’t need to be paid as much” it would be a a problem. Also the price of houses go down. Congrats you owe more than your house is worth. You still gotta pay off that upside down mortgage tho!
Yup. But with the deflation you get the added bonus of the value of the money you owe increasing. Upside down mortgages, bankruptcy, foreclosures, people gotta find a new place to live, fun times for everyone!
See there’s a reason a slow and steady inflation is the norm. It’s super bad to have the money you owe increase in value. But a war in the part of the world where most of the grain is produced caused grocery prices to go up a lot and drove inflation way higher than normal. But inflation is under control now. But unfortunately the inflation that already happened can’t really be reversed. Get your boss to give you a raise, join a union if you have to. Unlike nearly every time in history when this kind of thing has happened there isn’t a recession following a bout of inflation, which is pretty much unheard of. Biden stuck the soft landing.
Also deflation increases the value of money for the wealthy. Why does the socialist crowd want deflation which increases the value of wealth for those who have it? Right, because they’re too busy cosplaying as socialists they don’t care enough about the real world economic effects on the working class to bother trying to understand how anything works.
Old Joe actually cares about the working class, he stuck the soft landing (the economic equivalent of landing on the moon) and is now pursuing trust busting. The socialist and MAGA crowd (basically the same kind of people) are all mad about it.
Unionize so your boss can’t do that.
I think Lemmy paints a difficult picture to decipher if we’re considerate of the broader voter base.
Tin Foil Hat time! We know that Russia and China, among others, have troll farms working across social media to try to shape the narrative. One of their stated goals is to increase divisiveness among westerners. Lemmy is such a small community that it would not take much effort for them to dominate the conversation here.
At least thats what I tell myself, because I refuse to believe that there are so many people here stubbornly refusing to believe experts who have studied their fields for years. Just because I don’t understand something doesn’t mean that nobody understands it. I’m constantly amazed by people who make advances in areas that I have little experience in personally, but I know enough about the scientific community to agree that these contributions should be lauded.
Nevertheless, expect to be brigaded by downvotes for trying to bring logic into the discussion.
I’m fairly certain the hexbear instance is a Chinese troll farm. My instance isn’t federated anymore, but I remember conversations with them would come to an instant halt by simply linking to the wikipedia entry on the Tienanmen Square massacre.
But yeah lemmy doesn’t have the resources to detect traffic from troll farms, so they’re bound to be around.
I think Russia has a bigger operation going on… it’s weird that people in every country in the west blame their own government for high grocery prices and no one even mentions a disruption in the world wide grain supply (the thing that bread is made out of and is in animal feed) being at least a contributing factor to inflation. Inflation on grocery prices is nearly double of that of everything else, so it feels like grocery prices are driving inflation. Perhaps a worldwide shortage of grain might be a factor? Right wing people blame the government, left wing people blame the corporations. Yeah every government and/or grocery store in the world decided to do this all at the same time.
Isn’t odd how in all of the conversations around who’s who blame for inflation you didn’t see the finger being pointed at Putin all too often?
But that’s not just Lemmy, Putin escaped any kind of blame for the worldwide inflation everywhere. Should’ve at least been discussed a little I think. I suspect Russia’s got a much more sophisticated widespread influence operation going on to keep everyone blaming everyone else except for Putin.
That being said, there are plenty of young people that do indeed say things like “late stage capitalism” all the time. Enough they were joking about it on the Pod Save America Offline podcast today… “so can you name the other stages of capitalism?” Tankie socialism is a real thing espoused by flesh and blood people in the west. I think it’s mostly just rebellious kids wearing Che Guevara t-shirts that some corporation probably profited off of.
And I’m not going to claim to be an economics expert. I minored in economics in university many many moons ago, so I know the basics about fiscal policy and monetary policy. Enough to know that Biden is doing crazy good on the economy. Wish the trust busting thing would come along a little faster, but the wheels of the government never turn as fast as we’d like.
Oh noes… Not my internet points! LOL
More likely I’ll get blocked because it’s lemmy.ml Clicking post now… let’s see it it still works.
Insofar as you and @unconfirmedsourcesDOTgov@lemmy.sdf.org sound like dumbasses, it works.
What even is this? Horseshoe theory brainworms? Either you are with us or you are with the terrorists? You think people who want to end capitalism are the same as the people who want to maintain it?
Anyone who isn’t either a liberal or MAGA must be a paid shill of a government the Atlantic Council doesn’t like this week. Not other possibility exists, thanks to two red scares and two cold wars.
.
The Blue Anon conspiracy theories never seem to end. Just today the NYT has re-shifted the conspiracy from Russia to China.
look at the profile, it’s a literal NAFO troll
Imagine thinking that Russia or China would focus on manipulating opinions of a tiny community with a few thousand users many of whom don’t even live in US. It’s absolutely incredible to see how any time liberals step out of their echo chambers, they refuse to even contemplate the fact that people might have different ideas from their own.