Comment on Biden full steamed potato mode
goldenballs@wolfballs.com 3 years agoIt seems too late. Inflation is after all a form of slow motion defaulting on debt. The deflationary forces of a collapsing China, Japan, Korea, and EU will help eventually. Given that interest rates can't be raised, the logical thing is to correct the wealth transfer through supertax on those who gained so much.
sj_zero@lotide.fbxl.net 3 years ago
It's sad when many people knew what was happening 15 years ago and sounded all kinds of alarm bells but retards with recency bias figured that because the obvious bad thing hadn't happened yet it will never happen.
Arguably it was happening, but the books were cooked to ignore serious inflation that was of course happening. Anyone who paid rent for the past 15 years or wanted to own a home knows it.
goldenballs@wolfballs.com 3 years ago
Late 90s, 2-bed houses in my town, <70,000 Early 00s, they surged to <140,000 I blamed the unprecedented mass immigration then, but whilst that was a factor, i was yet to be aware of the financial problems going on. I could see a pattern in graphs, but didn't know what i meant, just that it was bad.