Message from @The Chosen One
Discord ID: 794841402899038279
We’re fucked
It’s ... not great
We should really get that back up to 1%
We don’t want the economy to start into deflation
I don’t normally condone printing money but I think we need to print money to get it atleast back up to 1
No
Bad idea
That’s a really awful idea
When you want to raise the inflation rate you lower interest rates
Small businesses, especially in retail probably can’t afford a raise in price if the big guys don’t raise price too. Which is concerning to me
The big guys do raise the price
No. Whoever taught you economics didn’t do a very good job no offense 😂
Sure it’ll lower the value of the dollar but honestly we need to get inflation going straight then maybe that’s the only way unless the businesses can reopen or we stop spending massive buck and losing money because the government spends way too damn much
But the price raise is usually a few cents
It was a liberal so understandable
Printing money is a good way to get hyperinflation
Youll never believe this but I got the highest grade in my economic class :/
I feel bad for the other students
If I can’t really keep up with seemingly other average people then idk how the others in my class would handle economic problems
Tbh I’m partially studying economics
Alright, I did do some research. Small raises in minimum wage can actually reduce prices. Wack. Not what was taught by my economics class, that’s for sure 😂
Economics works in strange and mysterious ways
Wait wtf
Let’s become germany in the 1920’s lol
Honestly whose idea was it to make economies so confusing?
The big thing is, don’t raise minimum wage like a bull in a china shop
Now the real debate is whether to tie the minimum wage increase to cost of living, inflation, or to a mix of the two. Either way they are very similar
Economics isn’t something someone made, not really. More like it made itself. It’s almost like a living being. We must study it, to understand how it works
Perhaps the average of them
That sounds good. I mean, you could argue cost of living is more important, but at the same time it is mainly affected by inflation. Average of the two would probably be best
IMO the best way to save the economy has always been the same. GOVERNMENT STOP SPENDING SO MUCH DAMN MONEY!
I blame Jean-Baptiste Colbert and his mercantilism
Last I check I think they spend 4 trillion a year. A trillion alone would take 31.7 thousand years to count
Oh what I wouldn’t give to be a merchant during the time of the medieval trade routes
Unless you’re a computer
No shit
But yeah 4 trillion IS TO DAMN MUCH!
I mean that’s about a fourth of the us’s gdp
😃🔫
You know if we cut social security that’d cut out a whole 1 trillion right there.