this post was submitted on 03 Dec 2023
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SPEND MORE MONEY YOU POOR FUCKS. YOU CAN'T EXPECT THE 1% TO HELP!
The article is mostly paywalled, but seems based on the opposite idea, that inflation is "too much money chasing too few goods", I.e. demand-pull inflation. Inflation would go down if people just bought less stuff, the idea is.
I always hear the argument that to help the economy, people need to spend more. I am also seeing that some people just go further into debt in order to not compromise their quality of life. Both are bad and not helping apparently 😂
It's like households being told to stop wasting water, or petrol, when companies aren't held accountable to the same degree. The average person simply cannot tip the scales in the same way that a multinational corporation can. Or the 1% or 0.1% even.
I don't accept any assertion based on theories whose base assumption is that Humans are rational.
Eh, touche. Though, that's a bit extreme and binary, I'd say. Sometimes humans are rational and sometimes (a lot) they/we are not.
When some difficult concepts are explained to me (cryptography, quantum mechanics, Quaternions, etc. Are some concepts i recently visited) the gears grind in my head. I understand SOMETHING at the end of the ordeal.
But you try to explain me economic theory, various instruments for holding wealth, how stocks with voting powers work and I come out of it convinced it's an elaborate obfuscation invented to dodge taxes, launder ill-gotten gain, confuse normal people so they lose money to the hedge funds, trap companies and take them over.
Everything about financial markets is anxiety inducing and give off a "Hey, this thing has weird loopholes... pretty sure some rich dude is making good use of it to siphon money out of the general population" vibe.
Well put. I can relate and think you articulated the problem well. When it's all said and done, the greater "stock market" and Wall Street network is simply irrational, unreasonable, opaque, and illogical - largely by design and on purpose. The only way it becomes "rational" and "reasonable" and "logical" is when viewed through a lens of corruption and deception.
That’s not what the last article is saying at all. It’s saying the opposite. I know you didn’t make this meme, but do you kids even know the definition of inflation.