Fed: Loss of price control imminent
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Poast new message in this thread
Date: March 18th, 2026 9:03 AM Author: Ruddy Medicated Headpube
with the hot PPI report this morning, the Fed will evade its responsibility to raise interest rates and allow high inflation to become firmly ingrained for generations - K shaped economy forever, enjoy
price stability is now an abstract term
(http://www.autoadmit.com/thread.php?thread_id=5847051&forum_id=2\u0026mark_id=5310751#49752794) |
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Date: March 20th, 2026 11:32 AM Author: mint chapel
i'm not complaining about shit i'm just criticizing your statement that says nothing whatsoever.
it's always the case that at the margin the negative consequences of some economic shock are more harmful to the poor. if prices rise poors will feel the pain of that more sharply, esp if you focus only on prices and ignore debt/savings/any wage effects. they will also feel the pain of deflation because it causes unemployment and increases the real debt burden. they also feel the pain of falling stocks because they have a smaller savings cushion and puts them in a tighter bind even if they have less savings to lose. they also “feel the pain” of rising stocks because the rich get richer and the corresponding increase in the price level is proportionally more harmful to them without the same increase in wealth.
literally no matter what happens you can say “this is bad for poors” by focusing only on the negative side of the ledger because in all cases poors are worse off than the rich anyways + diminishing marginal value of wealth. it's just retarded to try to make any specific economic argument about any of this, you’re better off just by leaving it at "poors are fucked" and it’d be both more accurate and more rhetorically effective because you’re not making an idiot of yourself by saying dumb shit like "inflation only hurts the middle class and poor-- let the affluent go in peace," which is just gay resentment.
the real reason inflation is the killer of economies is not because it effects the poor it's because it destroys the middle class / upper middle class that actually contribute something to society but get what little savings they have wiped out. poors are fucked anyways.
(http://www.autoadmit.com/thread.php?thread_id=5847051&forum_id=2\u0026mark_id=5310751#49757308) |
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