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Joined 1 year ago
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Cake day: June 13th, 2023

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  • Inflation however is a load of bollocks. It’s inaccurate to measure and can be oh so easily manipulated.

    House prices have been rising at a stupid rate for decades yet we had in the UK a typical inflation rate of… 0.1% for a decade whilst house prices out performed everything else because they just ignore it.

    Like how if your favourite brand of cereal goes up 700%, that won’t be included in inflation data they make the assumption you’d eat a generic brand instead that only went up 0.5%

    It’s all bollocks the lot of it, remove money it’s not worth anything anyway












  • “printing” money happens very very often. The US constantly prints money AND increases it’s debt yet the dollar stays strong. You have to remember value of a currency is imaginary, it’s just a contract where we agree X is X and Y is Y.

    While yes you can devalue a currency by printing money, you can also increase its value by strengthening the system it’s printed into. If we print money to build and improve, the UK becomes more desirable and therefore it’s currency more valuable despite it’s increased monetary supply.

    It’s alot more complicated than Print more worth less. Hell I expected high inflation after COVID due to increased printing, and while inflation did happen, it was not for that reason, it was pure greed.