• Coreidan@lemmy.world
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    1 year ago

    Nothing indicates a stronger economy than roaring inflation, high as fuck interest rates, tons of corporate bankruptcies, and bank failures.

    What a fucking joke. This timeline sucks.

    • Kale@lemmy.zip
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      1 year ago

      “The Economy” is the state of the ruling class’s bank account. It has nothing to do with whether the working class can afford housing or food. /S

    • Turducken@mander.xyz
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      1 year ago

      Yes, mild inflation (2-10%) is a sign of a strong economy. Personally, I think the Fed target of 2% is too low nad it should be at 4% to benefit the working class more. Would you like to know more?

      • dx1@lemmy.world
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        1 year ago

        Yes, mild inflation (2-10%) is a sign of a strong economy.

        Prove it, no appeals to consensus or theory

        • Turducken@mander.xyz
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          1 year ago

          Ok, you’re right. It depends on an individualcs defination of a strong economy. Generally, in a stable nation, a economic depression is accompanied by deflation. I can trot out FRED graphs that agree with me, but graphs are funny like the pirates vs global warming joke.

          All that said, generally, in a stable nation, when alot of working folks are losing their jobs inflations slows hard or we hit a lil deflation.

          • dx1@lemmy.world
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            1 year ago

            A strong advancing economy means goods/services are easier to come by/afford (more advanced tech/infra), which for a currency with the same supply would mean decreasing prices, i.e. “deflation”.

              • dx1@lemmy.world
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                1 year ago

                Try thinking for a minute about the actual fundamentals. Same number of people, same amount of money, same amount of time put in, more goods produced, goods cost less.

                People treat economics like a frigging religion, IDK how people end up believing the opposite of something so basic as that. And then to actually get that arrogant over it, saying I sound like a bad LLM bot. That’s just rude.

      • Coreidan@lemmy.world
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        1 year ago

        Sounds good except we are no where near 2-10% inflation, unless you’re dumb enough to believe the manipulated numbers that the feds release. Actual inflation is significantly higher.