Off Topic > Off Topic
Antifa Gets arrested in 15 Seconds after Assaulting Annoying Orange Supporter
Poliwhirl:
--- Quote from: Rockinboy2000 on May 01, 2017, 07:45:25 PM ---update - literally nobody likes inflation & the government actively tries to avoid it through fiscal & monetary policy
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alright? i wasn't saying anything in particular about it, just noting its detrimental effects
Rockinboy2000:
--- Quote from: Poliwhirl on May 01, 2017, 07:51:39 PM ---alright? i wasn't saying anything in particular about it, just noting its detrimental effects
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allow me to clarify - inflation is bad, but the government tries to actively prevent it so every citizen isn't worse off than what they were before, it seems like your implying that inflation is an unstoppable force that is proof "that capitalism is broken", disregard if that wasn't what you were going for
IkeTheGeneric:
--- Quote from: Poliwhirl on May 01, 2017, 07:51:39 PM ---alright? i wasn't saying anything in particular about it, just noting its detrimental effects
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you're right, let's abolish the entire system and replace it with communism now
Nonnel:
--- Quote from: Rockinboy2000 on May 01, 2017, 07:45:25 PM ---update - literally nobody likes inflation & the government actively tries to avoid it through fiscal & monetary policy
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I thought he was referring to how wages have stayed the same (especially minimum wages) while inflation has been devaluing the money
Rockinboy2000:
--- Quote from: Nonnel on May 01, 2017, 08:08:54 PM ---I thought he was referring to how wages have stayed the same (especially minimum wages) while inflation has been devaluing the money
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even if he wasn't referring to that, increasing the minimum wage is a bad idea, if inflation is already high, increasing the minimum wage will give those workers more money, but prices of groceries and whatnot will go up along with it, making products already more expensive even more expensive due to the costs of paying more for workers (this may not apply to major multi billion dollar corporations for example: walmart or mcdonalds, but ive barely payed any attention to those companies as a whole), money being placed into bank reserves would make sense as an inflation deterrent as money previously in circulation isn't in circulation, therefore decreasing inflation as the value of money goes up, and if the economy enters a recession could easily be re-introduced into the market, there are a bunch of other monetary and fiscal policies the government could follow besides that anyways