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Higher interest rates will assist in this process of
1) debt destruction, cleansing, purification of the old sins of fake inflation and theft of public money (jail time will also help here)
2) safe growth of wealth through invested savings and interest rate appreciation.
AKA a self inflicted hand grenade to the chest. You think invested savings will be safe when banks are going belly up from now defunct loans? lol.
Your equating that to lower wages though. Your ASSUMING sales for most businesses would decrease.
Why do you make that assumption if prices are lower?
You can't delay food or gas. Come on now.
Sure you can delay gas by driving less, consolidating errands, car pooling it happend for lots of people when oil hit 140 a barrel. You can also delay food and certainly alter choice.
If prices in general don't decline you aren't in a deflationary environment
Higher interest rates will assist in this process of
1) debt destruction, cleansing, purification of the old sins of fake inflation and theft of public money (jail time will also help here)
2) safe growth of wealth through invested savings and interest rate appreciation.
AKA a self inflicted hand grenade to the chest. You think invested savings will be safe when banks are going belly up from now defunct loans? lol.
Deflation will destroy many individuals and institutions, anyone who took to much debt. We need to dismantle all big banks and make them run like public utility companies.
Deflation will destroy many individuals and institutions, anyone who took to much debt. We need to dismantle all big banks and make them run like public utility companies.
This insanity needs to STOP!!!!
There is it, the reason behind all this. The OP isn't for deflation he is against banks.
Deflation will destroy many individuals and institutions, anyone who took to much debt. We need to dismantle all big banks and make them run like public utility companies.
This insanity needs to STOP!!!!
TL DR OP is a commie and the ends justify the means.
You do not understand you will also be slaughtering average property owners and putting the bottom of the employment barrel back out on the street. You do realize deflation does not hurt only people with loans right?
Again you are trying to manipulate my previous post. What is wrong with Banks being run as a public utility companies?
What is wrong with the government seizing private property?
Government seizure and eradication of privately owned business really deserves its own thread tho. Kind of irrelevant to your OP OP. Stop hijacking your own thread.
Sure you can delay gas by driving less, consolidating errands, car pooling it happend for lots of people when oil hit 140 a barrel. You can also delay food and certainly alter choice.
If prices in general don't decline you aren't in a deflationary environment
If people have more disposable income, and their wages aren't decreasing, why would they stop buying stuff??
Because they think its gonna be cheaper?? Only for homes and maybe cars. I would say homes and other large purchases would be the only things affected.
And alternatively, people wouldn't know when the bottom was so as prices fall those with enough income are going to start to buy.
If people have more disposable income, and their wages aren't decreasing, why would they stop buying stuff??
Because they think its gonna be cheaper?? Only for homes and maybe cars. I would say homes and other large purchases would be the only things affected.
TL DR OP is a commie and the ends justify the means.
You do not understand you will also be slaughtering average property owners and putting the bottom of the employment barrel back out on the street. You do realize deflation does not hurt only people with loans right?
Please STOP trolling here.. You have no desire to learn anything new and you only know how to defend your own view and current status quo. You think you are on the right side, good side and you avoid to recognize that there are other views, there is two parts of economic cycle = deflation and inflation, liek Day and Night.
You would like that Day lasts forever and you would eliminate the Nighr in economic terms. You want only growth and no rest. You have no idea how economy supposed to work.
Go back to school and take Economic class 101.
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