I love how people completely forgot the Eisenhower days when he completely got it wrong that somehow increasing prices were businesses' fault (by trying to tell consumers to pay less for goods), and now we've learned the lesson that monetary policy is shaped by interest/money injection and controlling government spending and debt.
Even though we know this, and economics 102 still teaches this, somehow now it's popular to believe that inflation is caused by "corporate greed" because somehow, corporations decided July 2021 was the day to start being 8% more greedy.
They know, and the fact that inflation is meant to stay at a "steady" 2% instead of 0% means they want to drain people's money. It's just in the past they did it slowly and now they are accelerating.
Money should be whatever the market can bear and its consumers use it for. To be Money, it must first be a means of exchange, this is true, but after that, many other secondary and derivative use cases can be established.
Money slightly losing value year-on-year is by design. Prior to this, in the gold standard, money gained value if you did nothing but horde it. Because of this, people didn't invest it, and there was economic stagnation any time gold's value rose.
With MMT, the slight loss of value in money means that people are incentivized to invest it or they'll lose 2% each year. The spur in investment and rise of MMT is one of the reasons the USA is the richest country in the world.
"Stagnation" as described by State priests ("economists"). If you always look only at "activity"/GDP and ignore saving and long-term investments everything is stagnation if you want it to be.
Oh, it's worse than that. Even OP's title shows the problem. Inflation isn't even increasing prices. Inflation causes increasing prices. Inflation is just the increasing of the money supply.
Most people take it for granted that deflation is inherently evil and catastrophic. No, deflation only feels bad because it means the racket contracts and the parasitism gets destroyed. Same reason they say "there must always be zero unemployment" and that "businesses firing people is always bad". Downsizing has done wonders for twitter. Unemployment being at zero means there is a major labor shortfall in every industry. Deflation is the necessary correction to the money supply that will help us heal the economy.
It's like saying "Getting off crack is terrible, look at what withdraw does to you!"
I love how people completely forgot the Eisenhower days when he completely got it wrong that somehow increasing prices were businesses' fault
If prices rose because corps are greedy (which they are), how come they didn't raise prices before Biden took office? And when prices fall, does that mean corps are benevolent?
Even though we know this, and economics 102
Why not 101? Because that's micro-economics and 102 is macro-economics?
Yes, microeconomics doesn't cover inflation it just deals with consumers, competition and supply & demand - macro covers the effects of monetary policy, minimum wage and labour values and global trade.
I love how people completely forgot the Eisenhower days when he completely got it wrong that somehow increasing prices were businesses' fault (by trying to tell consumers to pay less for goods), and now we've learned the lesson that monetary policy is shaped by interest/money injection and controlling government spending and debt.
Even though we know this, and economics 102 still teaches this, somehow now it's popular to believe that inflation is caused by "corporate greed" because somehow, corporations decided July 2021 was the day to start being 8% more greedy.
They know, and the fact that inflation is meant to stay at a "steady" 2% instead of 0% means they want to drain people's money. It's just in the past they did it slowly and now they are accelerating.
Money should be a means of exchange, and not an asset.
Money should be whatever the market can bear and its consumers use it for. To be Money, it must first be a means of exchange, this is true, but after that, many other secondary and derivative use cases can be established.
Money slightly losing value year-on-year is by design. Prior to this, in the gold standard, money gained value if you did nothing but horde it. Because of this, people didn't invest it, and there was economic stagnation any time gold's value rose.
With MMT, the slight loss of value in money means that people are incentivized to invest it or they'll lose 2% each year. The spur in investment and rise of MMT is one of the reasons the USA is the richest country in the world.
"Stagnation" as described by State priests ("economists"). If you always look only at "activity"/GDP and ignore saving and long-term investments everything is stagnation if you want it to be.
Oh, it's worse than that. Even OP's title shows the problem. Inflation isn't even increasing prices. Inflation causes increasing prices. Inflation is just the increasing of the money supply.
Most people take it for granted that deflation is inherently evil and catastrophic. No, deflation only feels bad because it means the racket contracts and the parasitism gets destroyed. Same reason they say "there must always be zero unemployment" and that "businesses firing people is always bad". Downsizing has done wonders for twitter. Unemployment being at zero means there is a major labor shortfall in every industry. Deflation is the necessary correction to the money supply that will help us heal the economy.
It's like saying "Getting off crack is terrible, look at what withdraw does to you!"
If prices rose because corps are greedy (which they are), how come they didn't raise prices before Biden took office? And when prices fall, does that mean corps are benevolent?
Why not 101? Because that's micro-economics and 102 is macro-economics?
Sample size of 1 says yes.
Yes, microeconomics doesn't cover inflation it just deals with consumers, competition and supply & demand - macro covers the effects of monetary policy, minimum wage and labour values and global trade.