Argue with a troll -and a person retarded enough to engage the troll- about Inflation

[John Badman]

As far as I'm aware beyond tariff policy - which I am mixed on - and nixing a shitton of government bloat including USAID and the IRS (and apparently auiditing Fort Knox), the Congress literally hasn't even passed any tax or business legislation yet. The issues with the economy aren't some superficial crud to be brushed aside. They are systemic issues built up over a 110 years since the founding of the Fed and no politician is going to try to tackle it. Even Austrian-School Milei is afraid of actually tackling his central bank as much as it needs to be. Supply side economics will stabilize government revenues and increase productivity, and supply chain issues will be fixed with the increase of oil production which had been gutted by the Biden Admin since 2021. If you want some miracle cure to truly save the economy, you're going to need someone willing to repeal decades of patent law and subsidies, and curb the federal reserve.

Yeah we should dump our federal reserve and own nothing. Be happy with the chainsaw man whose country still can’t afford to eat. We’re entering into our Weimar era, or as you put it, our Austrian-Milei era. If it worked for 110 years why did it suddenly break when the wreckers decided to tear everything that held our nation up regarding economic strength and prosperity down? Oh I forgot, somehow the woke lib democrats and Biden controlled all of American history so it needs to go.

 

[Lian Xing]

If it worked for 110 years why did it suddenly break when the wreckers decided to tear everything that held our nation up regarding economic strength and prosperity down?

It worked a hell of a lot better from 1789 to 1913 (-1% inflation over the whole period) than it has from 1913 to 2025 (3,122% inflation over the whole period).

 

[John Badman]

It worked a hell of a lot better from 1789 to 1913 (-1% inflation over the whole period) than it has from 1913 to 2025 (3,122% inflation over the whole period).

A change of monetary policy and reserve choices. The US dollar was actually stronger from 1913 to 2025. Inflation is a disingenuous measure considering $1 from the 1870s is worth like $20 today. That’s just a consequence of having more to spend.

 

[Catgirl Tyranid]

Inflation is a disingenuous measure considering $1 from the 1870s is worth like $20 today.

I have seen some retarded takes in my day, but to acknowledge that money is worth less than it used to be and then insist that it's a good thing takes the cake.

Whatever you're smoking, keep it far far away from me.

 

[John Badman]

I have seen some retarded takes in my day, but to acknowledge that money is worth less than it used to be and then insist that it's a good thing takes the cake.

I’m sorry that’s a confusing concept for you to grasp lil buddy.

 

[Catgirl Tyranid]

I’m sorry that’s a confusing concept for you to grasp lil buddy.

Prove me wrong then. What are the "benefits" of your money being worth less over time?

 

[John Badman]

Prove me wrong then. What are the "benefits" of your money being worth less over time?

Holy shit you’re stupid.

 

[Catgirl Tyranid]

Holy shit you’re stupid.

Yes. Much retard. So explain it to me.

I'm dying to know what sequence of pinball inputs led to your opinion.

 

[John Badman]

Yes. Much retard. So explain it to me.

I'm dying to know what sequence of pinball inputs led to your opinion.

More people have money and can buy things like a home or food or can afford to see a doctor. Shrinking your currency induces the opposite effect.

 

[Catgirl Tyranid]

More people have money and can buy things like a home or food or can afford to see a doctor. Shrinking your currency induces the opposite effect.

I have a dollar. This is the only dollar in existence and I can exchange it for a house.

Tomorrow, a naked man in a trench coat who insists he can fix homelessness creates a dollar out of thin air and hands it to a homeless bum.

There are now two dollars in existence. A house is now worth Two dollars.

But I only have one dollar. And the homeless bum only has one dollar.

Neither of us can buy a house now.

Half of my purchasing power was just given to a homeless bum by a naked man in a trench coat who insisted he could fix homelessness.

 

[John Badman]

I have a dollar. This is the only dollar in existence and I can exchange it for a house.

Tomorrow, a naked man in a trench coat who insists he can fix homelessness creates a dollar out of thin air and hands it to a homeless bum.

There are now two dollars in existence. A house is now worth Two dollars.

But I only have one dollar. And the homeless bum only has one dollar.

Neither of us can buy a house now.

Half of my purchasing power was just given to a homeless bum by a naked man in a trench coat who insisted he could fix homelessness.

What you’re arguing for is less money flow in markets. You want a weak dollar and to scrap the federal reserve for a gold-like standard. If you have to compete with a bum and want to complain about that then get a job. That is to say if you can even find one right now. You could end up being that bum soon enough.

 

[Lian Xing]

What you’re arguing for is less money flow in markets. You want a weak dollar and to scrap the federal reserve for a gold-like standard.

This is my last comment. It's not an either-or. A gold standard or the Federal Reserve are not the only options. We can easily return to the US Treasury printing US Notes whether they are gold-backed, silver-backed, nuclear arm backed, or backed by nothing at all. We have our own flesh and blood (the military) forcing oil contracts to be traded in USD propping up Federal Reserve Notes, and we get to pay trillions of dollars in interest payments for the privilege. It's insane.

 

[30+GameOvers]

Inflation? I know just the guy for this debate!

Oh wait, you didn't mean THAT kind of inflation. Never mind, continue your retarded bickering, then.

 

[IKOL]

Troll inflation fetish is something new to me and I judge OP because of this thing is a thing.

 

[Hey Johnny Bravo]

John, stop this. You used to be fun. You used to be a Goodman.

 

[Daddy's Angry Juice]

Where do your farts go when you hold them in?

 

[John Badman]

John, stop this. You used to be fun. You used to be a Goodman.

I’ll be back stronger than ever before on Friday’s payroll report. Soon…

 

[Coldgrip]

No, I won't argue with you.

 

[Dr. Ricearoni]

 

[Fuck Bankers]

Prove me wrong then. What are the "benefits" of your money being worth less over time?

The problem with commodity currencies is a liquidity crisis. An industrial economy grows faster than you can pull gold out of the ground. You want the incentive in an economy to invest, not hoard money. This is why you need a certain amount of inflation. The problem is too much private money creation at banks. This is what is causing housing and education inflation faster than wages can go up.