Economics

“I think if people were used to a world of 4% inflation and that was the norm they would not be especially unhappy about it,” he said……

@giu warned us

I can’t stop staring at this. It is the *perfect* encapsulation of our times

The ruling class badly mismanages the economy as a result of unopinionated, corrupt policies. Then once diagnosing the problem the first thought is, how is this bad for us? Opposed to caring about the ppl they are supposed to represent

Sad

"the ruling class". Bah. Agreed, but all over 🌍 we're dealing with a bunch of morons with no sense of farsight, grown by a system that promotes competition and produces psychopaths. In the US, clearly, if it weren't for the designed large amounts of debts, deflation would be a welcome, and quite easily constructed..