by Dann E. Kroeger
As government spending spins out of control, the Federal Reserve continues to inflate, leaving the economy in a permanent state of inflation. Most Americans will find themselves falling further and further behind.
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75 sats \ 11 replies \ @SimpleStacker 13h
Has anyone written a theory about how democracy and fiat-money economies don't mix well?
I wonder if the success of democratic countries was predicated on not being able to vote to print money (directly or indirectly).
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42 sats \ 3 replies \ @didiplaywell 8h
Results tend to be much worse under tyrannical regimes actually. Better said, tend to arrive to the same final state much faster. So it has nothing to do with democracy, it's all on fiat's merit.
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40 sats \ 1 reply \ @Undisciplined OP 8h
I suppose the reasons would be slightly different: i.e. the democracy will print money trying to buy voters with freebies more than the tyrannical regime.
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72 sats \ 0 replies \ @didiplaywell 7h
It's the same dynamic: a demagogue democratic government will buy voters the exact same way a tyrannical regime needs to keep its controlling structure alive. It ends up being the exact same kind of government spending for the exact same purpose: buying enough of the population in order to be able to subjugate and exploit the other part. In both cases, due to the unproductive nature of the strategies, both a democratic and a tyrannical regime end up needing to emit more and more to support an ever increasing controlling structure in order to keep control under an ever increasing economic crisis. It's the exact same death spiral every single time.
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10 sats \ 0 replies \ @SimpleStacker 8h
good point
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30 sats \ 0 replies \ @Undisciplined OP 13h
I know I've seen pieces on that topic, but there aren't any that come to mind specifically.
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42 sats \ 2 replies \ @nkmg1c_ventures 12h
Murray Rothbard if I recall correctly
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0 sats \ 1 reply \ @Undisciplined OP 12h
I'm sure he wrote on it, but I can't recall a particular piece about it.
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42 sats \ 0 replies \ @nkmg1c_ventures 12h
I can't remember either, I listened to a bunch of his audiobooks and he definitely talked about how politicians rarely make a stand on reducing inflation as it's useful to print money for pet projects
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0 sats \ 2 replies \ @beyond_turbulence 13h
Thanks: https://beyondturbulence.blogspot.com/p/from-demos-to-kratos-topological-atlas.html?m=1
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0 sats \ 1 reply \ @SimpleStacker 13h
AI slop?
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0 sats \ 0 replies \ @beyond_turbulence 12h
#1257886
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75 sats \ 5 replies \ @jakoyoh629 14h
middle class has been strugglin' hard for the past two years
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50 sats \ 3 replies \ @Undisciplined OP 13h
Most of that falloff is projected. Did it actually happen?
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42 sats \ 2 replies \ @jakoyoh629 6h
I didn't get any solid numbers, but the graph is saying otherwise. It's actually gone up. The real question is what counts as 'middle class'.
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50 sats \ 1 reply \ @Undisciplined OP 5h
I think the even bigger question is how does that look when inflation is accounted for.
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0 sats \ 0 replies \ @jakoyoh629 5h
Flat?
https://usafacts.org/answers/how-much-wealth-does-the-american-middle-class-have/country/united-states/
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0 sats \ 0 replies \ @beyond_turbulence 13h
Thanks : https://beyondturbulence.blogspot.com/p/the-riparian-economy-middle-class.html?m=1
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0 sats \ 0 replies \ @DP0604 10h
The middle class faces something invisible that constantly degrades its purchasing power: Inflation produced by those who print money (Governments) and the common citizen does not even notice.
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0 sats \ 0 replies \ @beyond_turbulence 13h
Thanks : https://beyondturbulence.blogspot.com/p/channeling-flow-steering-from-cliff.html?m=1
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