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ELIRetarded: Why has service gotten worse, and why is everything expensive and smaller now?
When I Google this I get a bunch of one-sentence explanations about "inflation" and "supply chain problems" but those just sound like things that most people think a smart person would say and/or that they heard from the TV box. There are also conspiratorial comments amount money printing, M2, the "true" inflation rate, etc.
Inflation and supply chain issues don't just fall out of the sky, they're the result of government policy. My economics-illiterate impression is that technocrat morons freaked out and started pulling levers during covid, ruining the economy in the process by causing mass unemployment and killing SMBs and pumping massive amounts of free money into an economy where money was already free, which
caused serious inflationnothing to see here citizen, inflation is low, CPI is normal, everything is fine, don't trust your lying eyes or wallet and now another band of technocrats are raising interests rates to control the mess their comrades caused in the first place, compounding everyone's pain.If the above is true, I don't know why there isn't a mob in DC with pitchforks demanding to cook and eat the bureaucrats responsible for flying the economy into the ground and royally fucking everyone who isn't independently wealthy. Please tell me my understanding is incorrect so I can stop being mad about this every time I buy groceries.
Sure, but the other explanations you have don't really seem much better. Can M2 really cause unemployment to skyrocket? Or do you just know that both these things are 'bad' and therefore must be connected?
They don't fall out of the sky, they spring from the earth. Inflation and supply chain issues were here in the world long before our current government policy, before our government, before your nation, before nations themselves. It is simply the natural order of things that pieces of paper don't have any value and that it's very difficult to coordinate supply chains across the entire planet. To the extent that we've made things otherwise, it's the result of (among other things) government policy.
Second of all, even in the narrow sense you mean it, it's not government policy. Japan, for example, has avoided high inflation despite continuing to pursue the kind of easy money policy you rail against. Despite this real wages have been eroded - caused by high commodity prices, which are not in the gift of the Japanese government to control.
So which one do you want? Easy money or tight money? Or do you just want to believe what you want to believe?
No idea, man. Whichever one doesn't make less able to afford stuff with the same paycheck, I guess. You say it's the result.of government policy -- which ones?
I don't think it's the result of government policy.
Oops, yeah, I misread. You say government policy is the tool we've used to mitigate economic issues that spring from the earth.
I'm not really sure how to respond to you tbh. You seems to be criticizing something in my post, but I've already admitted in the first sentence that I don't claim to understand much about economics.
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