Henceforth, $1 shall cost $1. Inflation solved.
Does this one need a sarcasm tag? I don't like using em but this joke is going to start zero fun conversations
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Henceforth, $1 shall cost $1. Inflation solved.
Does this one need a sarcasm tag? I don't like using em but this joke is going to start zero fun conversations
Sarcasm acknowledged. If it were possible, what do you think the world would look like if inflation were 0% for a few decades? I hope this is a fun conversation. If not, I'll settle for another joke, amusing anecdote or icy silence with a judgmental stare.
if inflation were 0% for a few decades
"You obviously know nothing of how the real world works."
Was going to type a whole bullshit essay with random made up stats and facts to make your idle question look malicious and uninformed, but I just cant be arsed. Can we just pretend I was a cunt for mild chuckles?
I can't believe you'd say that about OPs mother. Downvoted, reported, enjoy ur ban kid.
I got the same macroeconomics education as a lot of people. I get why 2% inflation is a common target. I do, however, like thought experiments using extreme values.
I wouldn't say it's a particularly idle question by social media standards. Admittedly, that's a pretty low bar. Perhaps I am uniformed. I'm definitely not being malicious.
Can we just pretend I was a cunt for mild chuckles?
I'd enjoy the topic at a less busy time of life. I'm being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that's just from my kid!
The world economies slow down probably.
At negative inflation there is no incentive to spend your money because is becomes increasingly valuable the longer you hold it. With high inflation, there's incentive to spend because the longer you keep your money in the mattress the less it's worth to you.
At zero it just is, but that's less than the usual goal of a couple percent of inflation year over year.
Or maybe I'm full of shit idk.
The assumed reason for inflation, as I understand it, is that on one hand things devalue over time and on the other we build our system around infinite growth and rewarding innovation (many asterisks here…)
During the Middle Ages, neither statements were considered true, the world was considered stagnant and there was virtually no inflation. That was before the banking system - so with 0% inflation i would expect the banks to collapse…
And then… I don’t know! Stuff is hard and economics harder…
Thanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
🥶
$2 now costs $1
Economy killed in a single move. 😅
I'm putting a 100% tarrif on $1
We just killed the printing machine of one group. We'll trade other things.
Congrats, everything has doubled in price overnight.
Rent.
Fuck rent. Home ownership. And 2 homes max.
Wait. It's possible to actually own a house? I thought only boomers were allowed to. I checked what mortgage I could get. I'm able to purchase a parking spot.
And 2 homes max.
Why would you need 2 houses?
A concession to vacation homes. So long as there are enough homes for everyone, I see little problem with it. Restoring the wilderness and everyone learning to camp would be better.
I'll go a step further and say residential property.
It now costs $1 to buy everything that a billionaire owns
US government for 1 dollar? Count me in
Some poor sod at the US government: "Hold on! HOLD ON! We're getting hundreds of payments a minute. We need some time to verify all of the new vote orders. It's very complicated. All votes will happen in due time!"
I'd buy that for a dollar.
Star Trek matter replicator (batteries included)
Raising a child.
That should cover like 90% of everything for everyone, even if you don't have kids.
My smile. Time to make the world a better place.
Bitcoin.
That could actually make it a viable currency. Unless you mean the entirety of all bitcoin in which case lol.
2 bedroom apartment
Asking a price for something costs 1€ for every 0,50€ now.
The cost of all stuffed animals at a thrift shop.
Then I could easily work on increasing the amount of rescues I will have. It's currently 1.5 rescue to 4 others ( purchased at a store, gift shop, gift, etcetera ).
My goal to someday have more rescues than store bought would be a little easier.
Oh yeah, and kids would have an easier time accessing them because $1 stuffed animals are a lot easier to convince a parent to buy than a $5.99 stuffed animal. But I don't like kids, so they were an afterthought!
Currently it costs direct air capture startup "Climeworks" about 1200 usd to remove one metric ton of CO2 from the atmosphere, the average human directly emits about 0.8 kg of CO2 a day (just through breathing).
Thus, breathing costs 1 USD a day to offset using "Direct Air Capture".