Talk to the corporations who have raised prices, but now that the chain is working again, haven't lowered any prices. Can't wait for frump to place tariffs on the two countries we trade with the most. We'll be lucky to afford rice.
“While Mises and Rothbard differed on whether inflation should include or exclude new gold inflows, they both agreed that inflation is NOT an increase in prices but rather an increase in the supply of money and credit.”
As a leftist, I can confirm that for some reason leftists cannot grok That there's a difference between inflation and individual companies price gouging
If prices going up were exclusively a function of greedy corporations, does that mean that prices fall because corporations forgot to hit the greed button?
I'm pretty sure their answer would be a question, theyd probs wonder when prices ever went down
I've seen that you can gain more ground with leftist think like that if you acknowledge that yes there exists companies that price couch, then they're a little more open to questioning govt's role
I agree why would the us govt buy a cryptocurrency when it can print money to pay for things. Makes no sense. And if they did start buying wouldn’t that be considered market manipulation causing the price to increase?
Bitcoin doesn’t have “ultimate goals”. It’s a technology.
The dollar isn’t going anywhere.
However, people store their long term savings in Bitcoin to protect their wealth from the hidden tax of government fiat debasement.
Bitcoin is a savings technology. Yes it will replace your savings account one day. TBH people dont even use savings accounts these days, they buy into the sp500 instead, supporting genocide and war. But Bitcoin will never replace the dollar for buying stuff day to day
My opinion, if you want to invest your own money in your own scheme, fine. You are free to do so. But the government has no business investing tax payers money in this.
Yeah. Some of us had our entire lives changed after jumping on board early. Some crypto is a big scam. Most probably. Ethereum is a bit different. Especially staking.
Gold is real. Crypto is not. Gold and silver are the backing for the 'full faith and credit' that underpins our money. Cryto is a fiction like Monopoly dollars. Nothing backs it. So they demand we give them GOLD because it is real, has value. WE get the Monopoly money. They get the real stuff.
It doesn't have to in order to be a significant part of our currency stability. It is for the public good, a major part of the Constitution. If it has no value, why do Elon and Vivek et al. want it? That leaves us holding the volatile, erratic crypto not them. That's the plan.
"According to monitoring data, Musk's companies' positions in bitcoin are worth $2 billion, with Tesla holding 11,509 bitcoins ($1.17 billion) and SpaceX holding 8,285 bitcoins ($842 million)...".
Musk as a private person also holds a huge stack.
That should deflate the value of gold IF it's released into the global market. Whatever happens will certainly, in this day and age, not benefit you and me.
Comments
but here we are
Or some other manipulation of the money supply?
Increasing the money supply.
Corporations raising prices and supply & demand ain’t inflation, because corporations and supply & demand don’t increase the money supply.
Tariffs:
Are a terrible idea and anti-free market.
Austrian Economics:
“While Mises and Rothbard differed on whether inflation should include or exclude new gold inflows, they both agreed that inflation is NOT an increase in prices but rather an increase in the supply of money and credit.”
https://mises.org/mises-wire/taking-back-meaning-inflation
I've seen that you can gain more ground with leftist think like that if you acknowledge that yes there exists companies that price couch, then they're a little more open to questioning govt's role
TVs, computers, cellphones, memory.
All these items used to be much more expensive.
We paid A LOT for an Apple Macintosh in 1990. And it did much less than one today.
The dollar isn’t going anywhere.
However, people store their long term savings in Bitcoin to protect their wealth from the hidden tax of government fiat debasement.
Like, if you didn't get in before anyone knew it existed, there's a good chance you're getting snowed.
Let's ask them to figure out a way to help bring power plants online in underdeveloped countries.
They hear the rhetoric and ignore the use.
Love it or hate it, but maybe learn why or more about it?
Musk as a private person also holds a huge stack.
https://www.bitget.com/news/detail/12560604402715
The "backing" just got bigger.