“I would say to people who are setting prices: Please understand if we get inflation embedded interest rates will have to go up further.”
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60 sats \ 0 replies \ @blocktock 24 Mar 2023
Credibility is laughable right now. As if they want to bring down inflation in the slightest. Keep raising rates you donkeys, something you should have done decades ago.
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23 sats \ 2 replies \ @om 24 Mar 2023
Gov's tools for reducing inflation:
- increasing production
- raising taxes
- raising interest rates
- begging <- we are here
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21 sats \ 0 replies \ @faithandcredit 24 Mar 2023
Actual tool for reducing inflation
- shrink the government
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20 sats \ 0 replies \ @iguano 24 Mar 2023
next...
lower prices by law
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13 sats \ 1 reply \ @xanny 24 Mar 2023
Reminds me of when Zimbabwe made inflation illegal.
https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
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11 sats \ 0 replies \ @SpaceHodler 25 Mar 2023
In that case, instead of raising prices, they could have switched to a different service or good.
E.g. imagine you're selling regular potatoes for $1 / kg. Next month you want to sell them for $10 / kg, but you're not allowed to raise the price, so cast a spell on them and sell enchanted potatoes for $10 / kg. A new, completely different product, so it wasn't a price rise.
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11 sats \ 0 replies \ @398ja 24 Mar 2023
That's not how pricing works. LOL
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11 sats \ 0 replies \ @2bithits 24 Mar 2023
It's scared
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10 sats \ 0 replies \ @orthzar 24 Mar 2023
It's like handing a drowning man a sticky note with the word "oxygen" written on it.
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10 sats \ 0 replies \ @beorange 24 Mar 2023
Perhaps you should've stopped the printer sooner.
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10 sats \ 0 replies \ @jim 24 Mar 2023
We are living in interesting times to say the least.
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10 sats \ 0 replies \ @faithandcredit 24 Mar 2023
The west = idiocracy. What happened
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10 sats \ 0 replies \ @grayruby 24 Mar 2023
And companies respond by saying "so you're saying raise prices 10% to reflect input cost increase and then another 5% to reflect borrowing cost increases. gotcha"
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10 sats \ 0 replies \ @crybaby 24 Mar 2023
weeeeeeeeeeeeeeeeeeeeeeeeeeee
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10 sats \ 0 replies \ @TNStacker 24 Mar 2023
🤣🤣🤣
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10 sats \ 0 replies \ @siggy47 24 Mar 2023
Weimars are breaking out worldwide.
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