What's the best way to fight inflation?

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Have the government spend even more money and tax businesses! Brilliant!!!!!

That way more stuff will be purchased, which will shrink supplies in various areas. Then the businesses paying higher taxes will just pass on the costs to the consumers, which means price increases. Perfect!!!!! That will surely reduce inflation. Brilliant!

Or, the large businesses will just explode their corporations into a bunch of smaller ones and just miss the need for the 15% minimum tax.

Oh, but Medicare will be able to negotiate drug costs. So, drugs will probably see a slight decrease overall, thereby justifying the massive spending.

People will get rebates for buying electric vehicles both new and used. Gee, what do we think that'll do to the prices of those vehicles. I'll give you a small hint:
iu

Also the first thing I thought about was, a person will "sell" their electric vehicle to their friend and then they split the rebate money. The sell will be bogus. There is going to be a honeysuckle ton of that going on with no oversight once again. Then they'll say we never thought that would happen. Sure.

The best part of the entire thing is it called the, Inflation Reduction Act!!!!!

There can't be a bigger F U to the American tax payers. ha! ha!
 
I didn't read that, but I'll go with the thread title. Ok, buy a very large tarp. 30' by 70'. You'll want the room. About 80' of good nylon rope. Some 2 Guage wire. If you can get a .22, or .223, about fifty rounds. A very serviceable hatchet. Flint and a good knife. A whetstone, 75' of 6 lbs fishing line and a variety of hooks. Two pots. Much and many layers of clothing. 18 pairs of socks. Three sturdy pairs of boots. A signal mirror. Iodine pills. A few old fashioned metal coffee containers. Actually, also a sturdy bow and 20 arrows. Soap, cause no need to be a savage. Salt, a lot for the iodine. Some spices. Oh, a cast iron skillet. A winter rated sleeping bag. Some mesh netting. Many waterproof matches until you figure out the flint. Go up to middle western Canada. And dissappear. No inflation. Or budget accordingly. One of the two
 
The problem we have in the UK isn't inflation, that's always been here and controlled to a certain extent by the government, it's Stagflation.

Stagflation is a combination of three negatives: slower economic growth, higher unemployment, and higher prices.

This is a combination that isn't supposed to occur, in the logic of economics. Prices shouldn't go up when people have less money to spend.
 
I think we just have to wait out this supply chain crap. Demand came back faster than supply, because it was pent up because of the covid lockdowns. But supply can't be turned on like a lightswitch, it takes time to get all those factories and raw materials and stuff like that in motion, and to transport it where it needs to go.

Then there's the oil situation with the war. And the supply chain from oil was also disrupted when demand went down due to the lockdowns, and due to the oil companies themselves operating at a reduced capacity, again due to the lockdowns. And oil companies aren't encouraged to ramp up production because the future is going green. And I think they are doing some price gouging, trying to get as much as they can for oil, while they still can. It's some bullshit. And since oil is directly involved in transportation, it affects the price of everything.

Long story short, covid really threw a wrench in the machine. I think we just have to wait for the machine to sort itself out.

My only fear is that these inflation prices stick around forever, and become "the new normal" because businesses are seeing that customers are paying the higher prices anyway. That's why a candy bar, or a car, doesn't cost what it cost in 1965 - prices gradually crept up (for several reasons, not just wanting a bigger profit margin although that is one reason) and businesses saw that customers were willing to pay it. Then we are well and truly screwed. We were barely hanging on before covid happened, it's not like we were doing awesome in 2019.


(FYI this is just my armchair analysis - I'm not a trained economic expert. Take what I say with a grain of salt.)
 
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I think it's a far more advanced problem that it first seems, and the "solutions" the pathetic government are putting out there isn't enough. Of course I'm no economist, but to me there always seems to be a conflict of interest from whoever is saying any [alleged] answer or from a third party. I think there's powerful people (or [/i]experts) or groups of people who will always disagree or try to change a 'solution' out of pure personal interest and/or greed, weather it be money or power without much regard for the consequences. I mean lets face it.. it's not like it's never happened before with high profile banks almost going under.. only for taxpayers' money.

I do not believe that these so called experts weather it be corporations or who work for the government have people's interests at heart, and thus will never be an actual solution. There's only hope... that the war will rectify itself, we somehow get a flood of resources and energy from somewhere, and confidence is restored in the government.
 
9006 said:
I think it's a far more advanced problem that it first seems, and the "solutions" the pathetic government are putting out there isn't enough. Of course I'm no economist, but to me there always seems to be a conflict of interest from whoever is saying any [alleged] answer or from a third party. I think there's powerful people (or [/i]experts) or groups of people who will always disagree or try to change a 'solution' out of pure personal interest and/or greed, weather it be money or power without much regard for the consequences. I mean lets face it.. it's not like it's never happened before with high profile banks almost going under.. only for taxpayers' money.

I do not believe that these so called experts weather it be corporations or who work for the government have people's interests at heart, and thus will never be an actual solution. There's only hope... that the war will rectify itself, we somehow get a flood of resources and energy from somewhere, and confidence is restored in the government.
Click to expand...
Yes I agree with you there,so true
 
The best way to fight inflation is to kick it in the 'nads, and call it a pansy. Obviously.

No really, the best way to fight it, I think, is to use technology to produce enough stuff to evolve beyond scarcity. But we don't seem to want to do that, because that would mean a few people wouldn't get to live like god-kings anymore.

So I dunno, mate 🤷‍♂️

It's like you can't really fight the problems within the framework of how we do things, because the problems aren't a bug, they're a feature. The problems we have, are the system functioning as intended to, so the people appointed to run things have a vested interest in NOT solving anything. Things getting better for us, means things getting worse for them. So of course they don't want to do it. But they can't just say that, so they drag out a bunch of complicated words that don't really mean anything in order to confuse you or get your mind to glaze over, or they say "we'd love to help you, but the big mean other side won't let us". And the problems keep going.
 
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Richard_39 said:
That's my takeaway. Deinflation 😉
Click to expand...

In order to make it work thought we would basically need to do what Japan did after World War I, which will never happen, because people these days are too busy bickering over celebrity gossip and worldview opinion to understand we would also need a reset on the credit system, and a reversion back from fiat currency to the gold standard with enough gold to back it up...which, there isn't enough gold to back it up, that's why we can't do that, because of foreign trade economics that tie into UN Policies.

There is no good answer, is the problem.
The good answer was to not go to wars that we can't afford to go to, which goes all the way back to the Revolutionary Period with the Civil War and the Battle of Waterloo. Basically ever since then we've just been in the hustle to try to make ends meet, drumming up a new system every time the previous system fails, Because the bankers that financially bailed us out of the Civil War coaxed the government into naming their private bank the Federal Reserve in a compromise to get the loan money that we needed to go to war.

Basically, everyone that's currently alive was born into a historically financially rigged system. Because of some stupid crap that dead men did hundreds and thousands of years ago.

Interest Rates on Property Taxes predated even Fractional-Reserve Banking by around 2,500 Years or so when Ur-Nanshee in Lagash decided to unfairly levy excess property taxes against the lower class. And the Fractional-Reserve system became popular roughly around 2,100-ish or so years ago. Fractional-Reserve isn't necessarily bad, but it becomes bad when everyone needs loans at the same time, which is how you get a Bank Run, when banks shut down and stop letting people withdraw money entirely or limit it to only X amount of money per week/month.

And since Nixon pulled is off the Gold Standard and put us on Fiat Currency because there isn't enough gold to begin with, that created a ponzi scheme that allowed us to keep rigging the system and going from then until now. Just like how the credit system used to be commercial only, and is now a public system, etc.

It's why I don't like money, man.
It's a bigass complicated circle of the IRS giving it to us, just for us to give it back to them later.
That's all that it is.

And no, I'm not saying that the Civil War shouldn't have happened, I'm saying that it's cheaper to change laws on paper than it is to pay for guns, ammo, soldiers, cannons, medics, medical supplies, transportation, etc.

The point is, that socio-economics has been rigged for at least 4,500 years as far as interest rates are concerned. 😔
 
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The fact that inflation even happens, the way that it does, is down right comical.

We have an economic system, in which, it is a requirement for the functioning of that system, that the currency continually loses value.

It's that simple.

They should just mandate that every single decimal point involving money owed, or involving the price of something buyable, be moved one digit to the left.

Now your 1,000 dollar debt is 100 dollars. Your $5 dollar loaf of bread costs 50 cents; and that 20 dollar bill in your pocket is now worth 200 bucks.

So the way you fix inflation is by waiting for humanity to destroy itself; because apparently emotions are more logical than logic.

...and the worlds wealthiest man who wants to colonize mars, just bought twitter...

Makes sense, right?

Have a nice day..
 
TropicalStarfish said:
The fact that inflation even happens, the way that it does, is down right comical.

We have an economic system, in which, it is a requirement for the functioning of that system, that the currency continually loses value.

It's that simple.

They should just mandate that every single decimal point involving money owed, or involving the price of something buyable, be moved one digit to the left.

Now your 1,000 dollar debt is 100 dollars. Your $5 dollar loaf of bread costs 50 cents; and that 20 dollar bill in your pocket is now worth 200 bucks.

So the way you fix inflation is by waiting for humanity to destroy itself; because apparently emotions are more logical than logic.

...and the worlds wealthiest man who wants to colonize mars, just bought twitter...

Makes sense, right?

Have a nice day..
Click to expand...

That's kind of what I've realized.

When I was a kid, I thought the future meant things would get better and better, until we lived in some kind of world barely distinguishable from science fiction.

Instead, we have laptops, cell phones, other smart devices, video games that look more and more like movies, sports and luxury cars with crazy amounts of power - but for the most part, it's still the same things we had before, just with more nacho flavor. It's not like there are true androids or starships, or that you can upload your mind into a computer, and things like flying cars and jetpacks might technically exist but are either still experimental, and/or are crazy expensive and inaccessible. And they only probably work so-so, and are really more of novelty toys to brag about and show off, rather than things you can actually use in a day to day sense.

Also, if you don't have money, you can't have any of that stuff, so its existence is a moot point.

For me, other than this computer I'm typing on and my smart watch, my life is basically the same as it ever was.
Only it's worse, because everything is way more expensive now, among other things.

When I was a kid I thought the future would be, well, more futuristic. I thought it meant things would keep getting better.
Instead, all I've seen happen in the so-called "future" is things just became more expensive.
And I'm sitting here scratching my head, like, weren't things supposed to get better in the future?
Weren't things supposed to get more available?
Wasn't life supposed to get easier?
Instead all it's seemed to do is get worse -
unless, of course, you're rich. Then there are more novelty toys than ever for you to play with.

It seems like what happened is the opposite of progress, because everything is basically worse than it used to be.
It seemed like it was all downhill after 9/11 and then the Recession.

For the future to actually get better, we'd have to make evolving beyond scarcity a priority.
But I don't see us doing that, because the billionaires get too much of an ego boost about winning the scarcity game, that they want to artificially keep it going forever, so they can be winners forever. So we get stuck having to play their game, having to live according to their vision, for their ends and purposes. I really feel like they're holding back the natural evolution of humanity by keeping us stuck in the scarcity game, just to boost their egos.

If this is the future, then "the future" is stupid.
 
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TheSkaFish said:
That's kind of what I've realized.

When I was a kid, I thought the future meant things would get better and better, until we lived in some kind of world barely distinguishable from science fiction.

Instead, we have laptops, cell phones, other smart devices, sports and luxury cars with crazy amounts of power - but for the most part, it's still the same things we had before, just with more nacho flavor.

Also, if you don't have money, you can't have any of that stuff, so its existence is a moot point.

For me, other than this computer I'm typing on and my smart watch, my life is basically the same as it ever was. Only it's worse, because everything is way more expensive now, among other things.

When I was a kid I thought the future would be, well, more futuristic. I thought it meant things would keep getting better.
Instead, all I've seen happen in the so-called "future" is things just became more expensive.

To me that seems like the opposite of progress, because everything is basically worse than it used to be. It seemed like it was all downhill after 9/11 and then the Recession. If this is the future, then "the future" is stupid.

But, Mars or something...
Click to expand...
Everyone wants the money. Companies gouge their customers. It's about high profits from low supply. More out from less in. But it drives inflation. Inflation will come about on their costs too. Ultimately they are driving up their own expenses.

The economy is driven by money in motion. The lower that prices are the more merchandise is moved, and the better the economy. But it goes against the bottom line, and making dividends for investors.

In the fifties the focus was on sustainability. Average annual income was $6,000 while the average cost of a house was $16,000. The average new car was $1,200. Essentials to income was 2.68 years.

Then came the mentality that "good business" is a higher profits. More money for the CEOs. More money for the stock holders.

Today the average income is about $33.000. The average home is $350,000, but lets say $260,000 average for the more average person. The average car is $24,000. Essentials to income today is 8.60 years.

Essentials to income means should every penny you earn go toward essentials, mortgage and car payment.

A dollar today is worth 3.2 times less than in the fifties.

Economist try to say consumers own more extraneous products, but what is there really... computers and personal phones. They in no way suck down 2/3 of your income.

By the way, a public company has to raise prices to cover dividends. The stock market is counter to the economy. It's about getting more money now to expand. Later they've expanded beyond their markets and have to get federal bailouts. A slow build is better for sustainability and better for the economy. A company/product that doesn't make it doesn't need to make it. Buying a market for a failed product is a dumb business plan.

The Japanese have one of the strongest economies in the world. They will release a product for under cost and let the market build. Their profits come years later when the volume increases and the market is stable enough to raise prices. The essence of sustainability.

What is different now as compared to the fifties? Big box business. Massive corporations. The bottom line mentality. Complete disregard for sustainability. Those things they call "good business."

It used to be charge what the market will bare. No it's force the market to bare what they charge.

If you want to fight inflation you have to start at the top of the biggest companies. Their 'take what they can get now' policies are what is sucking your dollars. That and the excessive canyon between CEO salaries and wages for the people that their companies depend on. If workers don't have it to spend then the economy suffers and prices are raised.

The wealthy 10% will never spend as much money as the common 90% if they had it to spend. Money needs to stay in motion.

Good business is bad for the economy.
 
JesseC said:
Everyone wants the money. Companies gouge their customers. It's about high profits from low supply. More out from less in. But it drives inflation. Inflation will come about on their costs too. Ultimately they are driving up their own expenses.

The economy is driven by money in motion. The lower that prices are the more merchandise is moved, and the better the economy. But it goes against the bottom line, and making dividends for investors.

In the fifties the focus was on sustainability. Average annual income was $6,000 while the average cost of a house was $16,000. The average new car was $1,200. Essentials to income was 2.68 years.

Then came the mentality that "good business" is a higher profits. More money for the CEOs. More money for the stock holders.

Today the average income is about $33.000. The average home is $350,000, but lets say $260,000 average for the more average person. The average car is $24,000. Essentials to income today is 8.60 years.

Essentials to income means should every penny you earn go toward essentials, mortgage and car payment.

A dollar today is worth 3.2 times less than in the fifties.

Economist try to say consumers own more extraneous products, but what is there really... computers and personal phones. They in no way suck down 2/3 of your income.

By the way, a public company has to raise prices to cover dividends. The stock market is counter to the economy. It's about getting more money now to expand. Later they've expanded beyond their markets and have to get federal bailouts. A slow build is better for sustainability and better for the economy. A company/product that doesn't make it doesn't need to make it. Buying a market for a failed product is a dumb business plan.

The Japanese have one of the strongest economies in the world. They will release a product for under cost and let the market build. Their profits come years later when the volume increases and the market is stable enough to raise prices. The essence of sustainability.

What is different now as compared to the fifties? Big box business. Massive corporations. The bottom line mentality. Complete disregard for sustainability. Those things they call "good business."

It used to be charge what the market will bare. No it's force the market to bare what they charge.

If you want to fight inflation you have to start at the top of the biggest companies. Their 'take what they can get now' policies are what is sucking your dollars. That and the excessive canyon between CEO salaries and wages for the people that their companies depend on. If workers don't have it to spend then the economy suffers and prices are raised.

The wealthy 10% will never spend as much money as the common 90% if they had it to spend. Money needs to stay in motion.

Good business is bad for the economy.
Click to expand...

Couldn't have said it better myself.
The priority on maximizing short-term profits over everything else, and the trickle-down economics scam that's been going on for almost the past 50 years now, have made a mess out of everything.
 
I say we do more green things like tossing politicians into our fire places to naturally heat our homes. Monopolies gave way to "to big to fail" and the tax payers bailed out the super big companies instead of letting the system naturally take them out so smaller companies could fill the voids. Now, BIG isn't big enough. We not only allow STUPID HUGE companies to exist. But, we give them all kinds of tax breaks. Instead we should be splitting up all the large companies. Then let them fail or succeed naturally.
 

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