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Pissed that your economy is being destroyed? Then destroy your economy!
- OP
A way to combat inflation would be to start buying and selling stuff with gold and silver. The only thing allowed to be money constitutionally in the US.
Until the government decides on digital money only.
Pandemics have consequences. Some may deny that we had a pandemic, but the fact is that it caused a huge disruption to the international supply line. China still is shutting down factories.
It's worldwide not just in the US. You should listen to radio stations from England with people calling in practically crying because they can't afford to heat their homes and even to buy food. Covid was major. It wasn't some kind of a joke and it caused worldwide disruption more than we can even comprehend. No one had control over Covid, probably not even the Chinese.
There's the war in Ukraine that's cutting off fuel to European countries, making it much more expensive. Food supplies have been cut off.
Greedy businesess could cut us some slack but they seldom do.
It's worldwide not just in the US. You should listen to radio stations from England with people calling in practically crying because they can't afford to heat their homes and even to buy food. Covid was major. It wasn't some kind of a joke and it caused worldwide disruption more than we can even comprehend. No one had control over Covid, probably not even the Chinese.
There's the war in Ukraine that's cutting off fuel to European countries, making it much more expensive. Food supplies have been cut off.
Greedy businesess could cut us some slack but they seldom do.
Covid wasn't major. The reaction to Covid was major.
Inflation doesn't encourage people to cut back, it forces people to cut back. There hasn't been a single case where inflation hasn't caused people to stop buying certain products, and there hasn't been a single instance where lack of demand helped to reduce inflation.
Huh?? Lack of demand reduces inflation EVERY TIME. That's what happens when there is a recession. People lose jobs, they are forced to cut spending and inflation grinds to halt.
Nice try. You want to walk 20 miles to and 20 back from work each day? You want to eat Food Club Sugar Bombs rather than real food? You want to shut the heater down this winter and let the pipes freeze and burst?
The OP said nothing like this. Is there a hyperbole contest tonight or something?
Market forces will always dictate economic activity.
People will keep competing against eachother for things they want if there's not enough, and it will go to the highest bidder. Prices only go down when people run out of money and companies have to drop prices to stay in business
Higher interest rates means more expenses and the need to lay off workers. Laid off workers means no money to buy extra stuff so less demand and lower prices
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