Inflation is good

BECAUSE I NEED TO GET IN DEBT TO BUY MY NEW PHONE OR ELSE I WOULD BE MADE FUN OFF

>mfw I actually met people who get loans for shit like phones and consoles and cars

disgusting

If only there were an inflationary crypto with a time-tested network, huh?

That the interest rate of savings accounts is less than the rate of inflation tells you that something is very wrong, no?

ShareBlue right on time

>use of twitch emotes outside of twitch
even more cringe than greentexting anywhere but Veeky Forums

oh yeah its fucking retarded. obviously in that case its up to commercial banks to become competitive and offer a better rate on savings accounts. theres some bank accounts that offer interest rates higher than inflation in my country, but those are usually either term deposits or you have to put so much money in / not take anything out of the account to achieve that rate

DUDE YOUR LIFE SAVINGS BECOMING EXPONENTIALLY MORE WORTHLESS OVERTIME IS A GOOD THING DUH

now go consume some more goods that i produce with money you borrowed from me lmao

>LEAVING 200K OF IT FOR YOUR CHILDREN

Surely you don't inherit debt in any first world country, though.

I don't understand, just pay people less money since the monetary value of the dollar is worth more?

Kek

...

>thinking usury is bad is jewish

It's extremely hard to make people accept a salary dip. It's easier to make everyone's money worth less and increase the pay afterwards if needed.

Inflation is a way to tax niggers that live off cash or gibs denominated in cash.

For people who actually contribute to the community and own businesses, land, houses, and other assets, they are unaffected and simply enjoy nominal appreciation.

This really.

Guilt is a powerful thing. No one dares question a kike that had all six of his grandparents turned into lampshades. There is not a single point in all of recorded history where the jew was not crying about how they were the victims... yet through all of recorded history they always acted like jews. It is in their nature.

Inflation is normalized.
Normies will do anything, so long as it is normalized and their bodies don't have a natural aversion to it.
Even murder babies and eat shit if they were properly conditioned.
It's sad.

I'm far from an expert in macro economics, but I have some common sense problems with inflation.
>Economy grows with more consumption
Do we need endless "growth"?
Earth's resources are finite, how can we possibly keep this up without depleting earth completely?
Would it be so bad that instead of buying stupid shit people would be more careful with their money and buy only what they really need?
I really find it retarded that being a slave to debt is considered normal in today's society.

abcnews.go.com/Business/student-loans-die/story?id=19460467

found the narc

That's true. It's because people (including me) have zero sense of the amount of money being printed and its actual value in time. This should be way more transparent, so people would also sense economy as a whole, not just as an individual.

if there was no inflation people wouldn't spend their dollars because it would be worth more each year. the dollar decreases all the time so people don't feel like holding on to it

excellent thought, you are right. The desire for exponential growth cannot be sustained, we need ever more resources for ever growing populations and ever growing competition with other countries. The endless growth mindset was good during the industrial revolution but it is a very shortsighted way to look at the world, the earth cannot sustain the already massive population doubling again and again. in fact if it weren't for advanced agricultural and water treatment processes we simply couldn't support the massive amounts of humans that exist on this space rock.

what people don't understand is for the rapid growth that the leaders keep pushing and pushing, while the growth is being PUSHED forward we are being PULLED along with it in chains, that growth cannot exist without us working like farm animals.

this is a shit argument. If you need to spend value you are going to spend it.

If your argument was true why aren't people immediately transferring all of their USD into something deflationary?

Exactly. Banks would also hoard money and avoid investing it, since it would be a safer way of increasing worth.

The kikes say that inflation is good because it encourages people to invest or spend money instead of just letting their money sit in some savings account. Meanwhile the wealthy use the cheap loans to speculate on Wall Street. While the working stiffs see their savings get cucked. Since wage cucks are far less likely to invest in the stock market than rich people.

I mean US commercial paper yield is below inflation, JPY05Y is @-.109%, so....

why should savers be punished and mindless consumers of bullshit rewarded?

ok genius, that's exactly why you don't inflate currency. people won't autistically spend and put themselves into debt, is that really such a bad thing? yes it slows growth but that's not the only fucking metric that matters. by your logic we should just keep going until we have zimbabwe tier dollars

I see. So economic growth is a competition between countries who can deplete their resources the fastest?

Your average retard is always going to spend his money on retarded shit, inflation or not. Inflation only matters because it forces banks and businesses to actually invest the money rather than having it sitting in vaults as it was in the middle ages.

imo economic growth is a competition to see who can gain/produce the most resources and technology, since both of those things increase the power of a nation. My point is that while the competitive mindset is good, it is not sustainable, every country is just a farm with a different farming technique (we are the farm animals), and the farms are starting to break apart since people are slowly realizing that the game is rigged (farmers are getting most of the "milk" while the our own children are getting a small fraction of it in comparison, enough only to keep the next generation alive for even more production)

the truth is there is so much wealth in this world, and especially with the amount of tech and food we have no one should be suffering or working like a slave. I am by no means a communist, I'm just saying that people are being misled to throw their lives away to work for something/someone that does not benefit them as much as if they worked for themselves.

>if there was no inflation people wouldn't spend their dollars because it would be worth more each year
>Your average retard is always going to spend his money on retarded shit, inflation or not

so which is it? your argument isn't even coherent. banks and businesses will invest in things regardless that's how they operate, inflation is a short term economic boost that can be useful but has side effects. It has to be used in conjunction with deflation for a healthy economy. Our US dollar is EXTREMELY inflated from just some decades ago, not acceptable

good post

normies seem destined to be economic slaves

Have a look at what happens when there is 0% inflation, or negative inflation

Inflation is important for the central bank/government/whatever to be able to control the economy. When you're at 0% inflation you can't respond to exogenous shocks as effectively.

Plenty of other reasons modest inflation is desirable

Why do you imply that we need some sort of central bank, hm?

Hello shill.

as much as I hate to admit it, we do need a central bank, not cause it's the best thing for the people, but because without it we wouldn't be able to compete with more organized economies of other countries. inflation isn't inherently bad, but right now it is hurting us.

Because all the other currency management systems don't work, including crypto.

>banks and businesses will invest in things regardless that's how they operate
Lol no. When the economy was systemically deflationary (low middle ages), the ones making the more money were the ones who simply held their cash (Templars being a good example)

I wouldn't say they don't work, I'd say they're untested in big scale.

>swings wildly in value in a day-to-day basis
>too expensive to do any kind of trade

These mental hoops people are jumping through to defend their wealth being silently taxed away and their economy being propped to crash

It does encourage overspending (coupled with cheap loans), but actual consumption actually eventually suffers when people become poorer and spend less.

Oh yeah sure, yes. We need somebody to manipulate our currency so that we can look like we're growing faster than we really are. That's totally useful and smart.

>le just avoid it argument
Remember to thank inflation when a new crash propped by it inevitably comes and all of the things you listed go -50% minimum.

>implying this affects fuck all on anybody's spending habits

>banks
>invest
As in dumping it all on stock markets and buying things they clearly have no idea about? But sure, BOJ owning like 40% of Japan's stock market is a good thing

>Have a look at what happens when there is 0% inflation, or negative inflation
Nothing. Are you equating deflation followed by a crisis with fair money? The exogenous shock is a fair point, but it should be able to be mitigated by war chests instead of inflation.

Indeed, fantastic system it is we have

Dude we need to grow faster than we are growing, get it?

It's inherently bad but it's true that it does give some sort of edge against the competition. In the long term it's most likely strictly harmful to a country though.

I'm not calling for systematic deflation, I'm calling for the rampant unchecked greedy inflation to be culled. there has to be a balance.

it's a new tech. it is a viable system just needs time to develop and be adopted. crypto won't be taking over economies but it can become a useful interesting part of one.

So, let them? If they hold it and just keep it out of circulation it doesn't affect anything, only decreases velocity. Or perhaps they _didn't_ just hold it and eventually spent it either way, inflation or not? Rich are gonna be rich either way, money doctoring doesn't change that

This.

Inflationary currency incentivises spending white deflationary favours saving. Economies don’t grow unless people spend.

Ideally you want a currency to have a gradual inflation. Nothing too dramatic but just enough to make sticking money in the ground or under the bed a stupid idea

Volatility isn't some technical aspect of crypto. It only changes rampantly right now because the market cap is smaller than USD or gold by and order of magnitude.
If you look at the changes in value of Bitcoin (%, not $), you'll see that volatility has got significantly smaller with market growth.

Fantastic insight, did you parrot that from a keynesian "expert"?

I am. It's called crypto.
Also if you are ofd fashioned use gold or silver.

Why does an economy need to grow though no matter the circumstances?

There's a list of what inflation does to your economy
>make your industry more competitive for export by lowering the relative wages
>encourages local production by discouraging imports since they become more expensive
>forces people to have their money in savings that are growing with inflation, ie. investing in the real economy
>raises prices so makes local businesses more profitable and healthier
Only rich trustfund retards want a deflationary economy.

>I'm calling for the rampant unchecked greedy inflation to be culled
Central banks do everything to keep the inflation in the 1-3% range, I wouldn't call that "rampant unchecked"

Do you want to actually make a counter argument? I bet you don’t even understand the real difference between Keynesian or Austrian economics.

You've got the conspiracy theories mixed up. Jews are hated for being ursurers, they lend money. Inflation helps those who are in debt. The Jews suffer from inflation .

>>make your industry more competitive for export by lowering the relative wages
>>encourages local production by discouraging imports since they become more expensive
These are the only valid points for inflation, and even they eventually bite back when your country inevitably becomes poorer (look at the US and what good inflation did to it) and the boom-crash cycle gets to its latter stage again.

>>forces people to have their money in savings that are growing with inflation, ie. investing in the real economy
ie. malinvest without having any idea what they're actually doing and being able to profit even if they made a net negative investment since it's still better than inflation
>>raises prices so makes local businesses more profitable and healthier
I don't fucking even, it doesn't increase the wealth on itself inside the economy

I already made one.
>It does encourage overspending (coupled with cheap loans), but actual consumption actually eventually suffers when people become poorer and spend less.

>I bet you don’t even understand the real difference between Keynesian or Austrian economics.
Ah is that so? Is that your argument here?

>keynesian economics

'economic growth' in the modern world does nothing but take money and freedom out of the normal person's life. 'economic growth' only benefits owners of the economy, who are are a tiny fraction of society

don't be so naive

>ie. malinvest without having any idea what they're actually doing and being able to profit even if they made a net negative investment since it's still better than inflation
This is a good thing actually. New business need that money to take off, and if the economy was deflationary they wouldn't get this kind of investments.

Those aren't keynesian economics user, you got the wrong boogeyman there.

Keynesian economics are : the government must spend a lot to keep the economy running in crisis, ie. build a huge wall on the mexican border.

Then just use tax money if you wanna make horrible investments on a governmental level. Actually, they seem to be on it already too

I wouldn’t say "need", but if your question is "why should we want our economy to grow", then id reply by simply asking you what you think an economy represents ultimately and what a small economy represents.

The larger an economy, the more wealth, value and services (more: not I do not say "money") being exchanged, which means we are work together more to reach our own pursuits.

A very small economy would be one were very people are trading goods and services, so less cooperation and mutually beneficial trades

Inflation is one of the key control mechanisms advocated by keynesians though, can't say they're not related.

Inflation was first advocated by Adam Smith as a mean to regulate the wages according to the supply and demand, it's not something exclusive to keynesians.

>Then just use tax money
This is keynesian economics. The goal of keeping the inflation around 2% is actually to keep investors just out of the comfort zone and look for rewarding yet not perfectly safe invests.

>There is not a single point in all of recorded history where the jew was not crying about how they were the victims

Truth. In Mein Kampf Hitler discusses how he stuggled with the concept of anti-Semitism at first. He felt guilty to even start researching it, due to all the genocide committed on them before his time.

He was also a soyboy vegan artist/autist who was wagecucking with politically correct lefties, before getting one HELL of a redpill and powering up to Fuhrer level. Sounds familiar....the more things change, the more they stay the same eh?

When I said "spending", I’m not exclusively talking about consuming, but also investing. How is a situation where just holding cash is better than invest better for society exactly? Because that’s what you get with deflationary currencies, money having artificial value.

And again nothing I said is Keynesian so you still look like an idiot for saying I’m parroting their talking points. A mined crypto currency is inflationary but isn’t keynesian you dolt.

Just throwing some ideas.
Isn't there a specific "level" of economy from which more growth creates too much inequality? Like the rich are running out of ideas what to buy and the lower class are struggling just to make it?

>saving money is bad goyim, just let the state pay for your retirement

>How is a situation where just holding cash is better than invest better for society exactly?
So people wouldn't invest in things that are not worth investing? The fact that people are blindly throwing money to shitcoins tells me that $ is way too cheap.

Because a human is inherently lazy and needs to be forced to move forward.

>This is keynesian economics
Yes, and I wouldn't endorse it. Sure you're right, it can increase growth, but on the other hand it does drive boom-bust cycles and the net benefit of it in the long term is arguable. Why not just let things develop the way they naturally would?
Malinvestment is a real issue too, rich people are the ones most interested about investing and they're always going to (no, they don't just keep their money out of circulation forever), but the common joes simply aren't capable of investing and then you have things like TSLA and AMZN stocks. It's impossible to say the money poured at those companies helped the economy grow more than it decreased the wealth and spending power of the economy as a whole. Things are only gonna get worse when an actual crisis hits and velocity increases

The real shocker is that they conned retards into believing people wouldn't buy anything without inflation. Like, they'd just wait decades for their wealth to increase, never mind the fact that they'd be too old to enjoy their increased purchasing power.

Why do we want an economy that encourages consumption? Fuck consumerism

>>AWW GOYIM KEEP GOING, GET THAT 100K IN STUDENT LOANS THAT WILL COST YOU 450K IN 40 YEARS AND YOU'LL PROBABLY DIE OF A HEART ATTACK IN YOUR 60'S LEAVING 200K OF IT FOR YOUR CHILDREN
You generally can't pass on debt

>tells me that $ is way too cheap.
What does that even mean? That $1 should be worth $2? Now you’re talking nonsense.

That’s an issue that no one has really been able to solve with out a lot of people dying, or everyone losing.

Youre always going to have massive wealth inequalities in a society where one person thinks they should be able to support a large family as a McDonald burger flipper and another person is Elon musk. Society rewards innovators and risk takers (entrepreneurs and investors), if they pass those skills and wealth into their children, the gap just grows.

The only peaceful solution I can think of would be to simply get the rich to have money children per family than the poor (thus dividing their wealth more). That’s a tall order when Africans pump out eight kids per family

>The only peaceful solution I can think of would be to simply get the rich to have money children per family than the poor (thus dividing their wealth more).
That would be encouraged by tax breaks honestly. This is a good idea.

"Cheap money" refers to the ability to raise capital. This is often linked to low interest rates. You can imagine that youd need to put up advertisements to find investors, when money is cheap, you need to advertise less. Investors also expect a lower rate of return when money is cheap.

So basically your children can't inherit your debt, but maybe, just maybe, if you got a private student loan and live in a specific area and have no estate your spouse might have to pay it off. Wow dude the joos are totally evil lmao

Research shows that 80% of family weather disappears within 3 generations.

Because "consumption" is really just mutually beneficial transactions in a free market society. More transactions = more development = better/cheaper products.

>But goyim, that $63 dollars in 1970 is now worth $400! That's more money for you!

Keynesianism is the economy we're living in, stop trying to dodge around the matter. If we're talking about inflation it's in the context of keynesianism.

>money having artificial value
No, money having whatever value the economy supports. Tell me how that's more artificial than somebody printing more and manipulating the circulation arbitrarily?

>How is a situation where just holding cash is better than invest better for society exactly
Malinvestments _aren't_ a net positive on the economy. Think Tesla making worthless gimmick cars and wasting tons of earth's resources when real manufacturers are doing the same thing but actually sustainably. But no, who cares about investing in Ford or VW, it's not cool and hip like Tesla. Who cares about fundamentals when we're just building a pyramid and throwing our loan money on anything that's nice? The inflationary stimulus seems to be working as intended.

>$ is cheap
I mean it's cheap relatively to other things.

Imagine everyone buys a nice hat. Consumption is up, but is society better for it? Probably not. Underconsumption is bad but so is overconsumption, waste and a distorted economy.

the same way they convinced them that interest on money was a necessary part of a functioning economy: first world countries are not shitholes therefore it must be working.
Some tards here truly believe this

Exactly. Just let the economy develop the way it naturally does, please. Stirring it up even more with phony currency is not productive

Also fair money is fair. We've seen that inflation eventually leads to no good, so why are we still rejecting a system that's more consistent and at least doesn't redistribute wealth unfairly for no net benefit?

>Keynesianism is the economy we're living in, stop trying to dodge around the matter. If we're talking about inflation it's in the context of keynesianism.
I’m not trying to dodge anything. I was talking about inflation, not the government using taxes to fuel an economy, which Im not a fan of, Im not a Keynesian. Why can’t you just accept you fucked up on that one.

>Tell me how that's more artificial than somebody printing more and manipulating the circulation arbitrarily?
My whole point is you are going to be less likely to spend your money if you know it will be worth more down the line. The reason why this is bad because it disincentives growth.

The problem we face is that our population keeps growing, so if you have zero inflation money will still gain value simply due to their being more people, so you need at least some inflation to offset that so again, money isn’t just stored.

That just my opinion, which you really haven’t argued. I’m not arguing for Keynesian economics, so can you just drop that already, and I’m not arguing for large inflation.

I agree, again I don’t think inflation should be massive, you need a balance between incentiving investing and trade, and overconsumption.

I know, it’s the other 20% that cause the massive inequality. Personally I don’t feel very passionality about "wealth inequality", but if I were to try and lessen the divide, encouraging rich couples to have lots of kids is how I would go about it

But how will you afford a house without easy credit? And so on. They refuse to admit that easy credit drives prices up in the first place.

>just mutually beneficial transactions in a free market society.

Not if you're forcing them to spend, no. If you force people to spend their money or else they'll lose it, ends up with landlords and other inelastic demand assets absorbing all of the new disposable income, there's a reason some items are inflation resistant and there's a reason the elite controls their supply.

There's nothing beneficial in a transaction when your rent goes up 100$/year.

>My whole point is you are going to be less likely to spend your money if you know it will be worth more down the line
No, I honestly am not. And so aren't rich people. Money always creates more money, and if somebody who's rich doesn't care about that, it doesn't matter much whether you have 1-2% yearly inflation or not, they aren't gonna do it. But most of the time rich people do care about getting more money and investing. 1% or less yearly deflation isn't gonna change that, and investment gains would also adjust to the deflationary effect.

>That just my opinion, which you really haven’t argued. I’m not arguing for Keynesian economics, so can you just drop that already, and I’m not arguing for large inflation.
You're arguing for manipulated currency. I'm arguing against manipulation. If you wanna manipulate, do it somewhere else. Not that I wouldn't be ok with modest inflation, but history shows that it's always gonna go overboard if the currency is able to be manipulated.

The us dollar was a deflationary currency pre 1913 you mong and the economy was doing just fine. There was also no income tax before the fed took control.
Us citizens have lost 97% in purchasing power and cucks like you will defend this. That is why the entire planet is going to shit because you dumb sheep will literally walk to the slaughterhouse and bleat happily all ang the way