Comment on Inflation Outpaces Wage Growth For Over 40% Of Americans

• Someonelol@lemmy.dbzer0.com ⁨2⁩ ⁨months⁩ ago

  I’ve always been saying it. Fiat currency leaves the value of money in the hands of too few people. Whenever their buddies start crying for help, the money hose turns on and the rest of us suffer higher prices with no wage growth to balance it.

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  • avidamoeba@lemmy.ca ⁨2⁩ ⁨months⁩ ago

    This isn’t a currency issue. The processes driving this have been observed in 19-century Britain under a gold standard. You have to look into how firms decide what to produce, how to produce it and what to do with the profits in order to build a better picture on what’s happening. If you haven’t, this was a good starting point for me.

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  • queermunist@lemmy.ml ⁨2⁩ ⁨months⁩ ago

    The ability to turn on the money hose isn’t the problem. If they used the money hose on us it’d be great! The problem is they use it to redistribute wealth to the rich and powerful, while the rest of us go thirsty.

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    • avidamoeba@lemmy.ca ⁨2⁩ ⁨months⁩ ago

      If they used the money hose on us it’d be great!

      To a point subject to the real resource limits we have, but I’m pretty sure you knew that. 😊

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  • SoftestSapphic@lemmy.world ⁨2⁩ ⁨months⁩ ago

    If we still had policies that forced wealth redistribution it would work fine like it used to

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