this post was submitted on 05 Apr 2024
298 points (93.6% liked)
Memes
45727 readers
827 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Inflation, price gouging is the boogeyman they use to pretend someone else is doing it.
Sure you don't have that backwards. Deliberate steps are being taken to push inflation down.
I am sure. I can teach you have this works if you truly are curious, but I am not going to argue if you dont understand. The Fed only creates inflation, at best they can create less inflation.
Please educate me.
In the US, the money is created via the federal revserve and it is done by loaning out money, the only reason inflation rate decreases is that they raise the interest rate so people want less money, so they loan out less money. That money is paid back to the fed, but new money has been made. If you are still interested, I can tell you how this takes away wealth from the poor and middle class.