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hello fellow adult humans. i have been 18 for exactly four months i moved out and goddamn groceries are expensive in nyc holy shit
For the Old *18+ Chat*
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Lol. I've never seen you around. Been here long?
person_off
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IM 18 TODAY I QUALIFY HAHAHA
person_off
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Lol sorry.
Legit.
person_off
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Happy Birthday.
Ah yes. Happy birthday.
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lol
All good ^^
Nice to see new faces around
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Lol. I've never seen you around. Been here long?
nah not really
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Yawns, then slinks this back up
I guess we should figure out older people things to talk about if we aren't going to talk about taxes.
person_off
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Oh oh. I got it.
Gas prices
They suck.
Inflation
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geezuzs gas is expensive in the city
Inflation is the absolute worst.
person_off
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Capitalism
What's wrong with capitalism?
person_off
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Oh nothing! I'm just inserting adult words. XD
and in theory inflation is caused by capitalism.
How so? (I'm all ears.)
person_off
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The basic cause of inflation is the rise in price of products to the consumer, whether by a monopoly or a company with many competitors, and for the most part, if that increase can be sustained or not. If the higher price is sustained, and if that product is something that is needed by the majority of people, that causes inflation, and especially if wages of the consumer do not also rise at the same rate to cover all those price increases. Since capitalism exists solely to make rich people richer, and thus poor people poorer, dragging down large segments of the middle class along for good measure, and to do so they need to charge more for their sugar water or whatever product, then this will cause inflation since we all NEED that sugar water to live the happy life the companies tell us we have to live and which is only obtainable by buying their sugar water no matter the cost. Capitalism even requires a certain amount of unemployment to even work…there has been nor will there ever be full employment under the capitalism system. Period.
So yes, capitalism causes inflation. And without much effort. The only thing that saved us this century from massive inflation was the Fed printing more new money and keeping interest rates at 0% for many many years.
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Doesn't have to be all about 'adult things'
Sits up, curling tail around paws
Anything is welcome to be talked about
I always heard the opposite. That the Gov made more money thereby decreasing the value of such, forcing companies to raise prices in order to get the same amount of gain as before, making people have to spend more money for the same object, which eventually lead to higher minimum wage laws keeping people out of jobs.
person_off
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The notion that something value is decreased just because there is more of it is simply baffling. Currency is an abstract notion anyway.
We trade around pieces of paper with the complete and utter belief that there is 'gold' backing it. Ludicrous.
I think that notion stems from the hypersimplified ideas of economics taught in gradeschools that never gets corrected later in education: that value is dictated solely by a product's supply and demand. I can see how someone would apply that to money: more supply? Less value! The increased demand that comes with printing money isn't as immediately obvious.
Well I guess it start off if there is or is not a reason to believe rarity = worth.
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I think that notion stems from the hypersimplified ideas of economics taught in gradeschools that never gets corrected later in education: that value is dictated solely by a product's supply and demand. I can see how someone would apply that to money: more supply? Less value! The increased demand that comes with printing money isn't as immediately obvious.
Exactly!
person_off
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Well I guess it start off if there is or is not a reason to believe rarity = worth.
An excellent question.
What do you think would be a good way to find the truth or untruth of it?
person_off
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If we really knew how rare things were. A lot of what we as the general population know is what the governments of the world or monopolizing companies tell us.