23 sats \ 2 replies \ @om 24 Mar

Gov's tools for reducing inflation:

  • increasing production
  • raising taxes
  • raising interest rates
  • begging <- we are here

next... lower prices by law

Actual tool for reducing inflation

  • shrink the government

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.

13 sats \ 1 replies \ @xanny 24 Mar

Reminds me of when Zimbabwe made inflation illegal.

In 2007, the government declared inflation illegal. Anyone who raised the prices for goods and services was subject to arrest.


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.

It's like handing a drowning man a sticky note with the word "oxygen" written on it.

Perhaps you should've stopped the printer sooner.

10 sats \ 0 replies \ @jim 24 Mar

We are living in interesting times to say the least.

The west = idiocracy. What happened

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"


It's scared


That's not how pricing works. LOL

Weimars are breaking out worldwide.