The Inflation Economy(graymirror.substack.com)
graymirror.substack.com
The Inflation Economy
https://graymirror.substack.com/p/the-inflation-economy
5 comments
> Consider the alternative though. With a fixed money supply, a dollar buys MORE every year, as a stable percentage of an expanding pie. Then society goes to shit as the "haves" bunker down in their rooms hoarding gold coins.
The rich already do this with assets that generate income faster than they depreciate in value (businesses, stocks, art, collectables). Inflation doesn't touch the rich. In practice, they are also isolated against any real-world upsets like the coronavirus, the financial crash, or Brexit. They may get slightly less rich, but they are set for their personal life.
In contrast, the poor and the working class generally aren't educated enough, confident enough, or don't have the right access to take advantage of similar opportunities.
The rich already do this with assets that generate income faster than they depreciate in value (businesses, stocks, art, collectables). Inflation doesn't touch the rich. In practice, they are also isolated against any real-world upsets like the coronavirus, the financial crash, or Brexit. They may get slightly less rich, but they are set for their personal life.
In contrast, the poor and the working class generally aren't educated enough, confident enough, or don't have the right access to take advantage of similar opportunities.
His wife died, he is experiencing grief, he is a poet, he is already experiencing taking care of his kids without his dead love. I dislike the deceptive funeral home language regarding death. It hurts mightily, death is motionless with new problems pouring in from all sides for the survivor.
Regarding inflation, I recommend this book covering the 50 year inflation battle that began after World War II ended. "The Great Inflation and its aftermath." by Robert J. Samuelson.
In this time, May 26th, 2021 the economic environment is changing, Inflation, I see but what really concerns me is the Greta Thunberg Financial Event Horizon. The Date of the event horizon is Earth Day seven years hence. The event horizon is when disaster costs will rise and GNP will decline. Inflation affects both of those items, but in the wrong direction.
Finally, note he is inviting us to sign up and receive his book. Giving gifts is the stately, dignified and honorable way to survive. Best wishes to Curtis Yarvin.
Regarding inflation, I recommend this book covering the 50 year inflation battle that began after World War II ended. "The Great Inflation and its aftermath." by Robert J. Samuelson.
In this time, May 26th, 2021 the economic environment is changing, Inflation, I see but what really concerns me is the Greta Thunberg Financial Event Horizon. The Date of the event horizon is Earth Day seven years hence. The event horizon is when disaster costs will rise and GNP will decline. Inflation affects both of those items, but in the wrong direction.
Finally, note he is inviting us to sign up and receive his book. Giving gifts is the stately, dignified and honorable way to survive. Best wishes to Curtis Yarvin.
From what, I think, he said about inflation, he is wrong (his explanation was crazy complicated haha).
Generally inflation is good for the poor and bad for the rich (generally pensioners and students), it's considered redistributive actually. The poor do not have savings and are reliant on income which should increase with inflation, the rich are reliant on savings which are devalued with inflation.
Considering the silly amount of money printing that has taken place, the real economy (these are day to day costs) has experienced little inflation, meaning all that cash has to find a home and leads to asset bubbles.
It seems inflation in the real economy is starting to catch up though (probably won't be sufficient given the long term trend which is downward).
Edit: This I feel is actually a great tool in the US that it incentivizes productive use of capital and given the high inequality, means the government can redistribute without being called supposed "communists".
Edit: This I feel is actually a great tool in the US that it incentivizes productive use of capital and given the high inequality, means the government can redistribute without being called supposed "communists".
> Generally inflation is good for the poor and bad for the rich (generally pensioners and students), it's considered redistributive actually.
How so? Interest rates for student loan/mortgage debt always outpace inflation, and the poor don't usually have enough spare cashflow to invest in inflation-busting vehicles like the rich routinely do. Not to mention that while prices rise, minimum wages (and wages in general) usually remain frozen, so your purchasing power shrinks year-on-year without risky moves like changing jobs.
How so? Interest rates for student loan/mortgage debt always outpace inflation, and the poor don't usually have enough spare cashflow to invest in inflation-busting vehicles like the rich routinely do. Not to mention that while prices rise, minimum wages (and wages in general) usually remain frozen, so your purchasing power shrinks year-on-year without risky moves like changing jobs.
With inflation, your/my dollar buys less than it did a year ago. Less at the grocery store, less of a house, whatever. That sucks, right? Value being ripped from our pockets. Consider the alternative though. With a fixed money supply, a dollar buys MORE every year, as a stable percentage of an expanding pie. Then society goes to shit as the "haves" bunker down in their rooms hoarding gold coins.
Besides, economics is just one cerebral, fiddly piece in a larger human puzzle. Better not to spend the best moments of your life loving money just to find it never loved you back.