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@zapatistazaddy
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@PaulVallas Run for governor so you can lose again, Paul. You’re a joke that if ever elected would turn this state into another Iowa/Indiana/Missouri/Kentucky failure
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@Itweetjust4u @Marcusgibson @crypt0x_0 USD is weaker today than pre-Trump, not sure where you think the error is
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@ghostkinking @no_earthquake @longstosee building bit by bit hits a lil less hard than brick by brick
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@yung1hardaway @Smiling_venom @TwinCities2030 @shea_jordan Most wouldn’t mind it audited by professionals with constitutional authority, not amphetamine riddled oligarchs and his pederasty cult
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@fatsnowman123 @SocDoneLeft @DelusionPosting I want good deflation too, that’s why I support overall inflation - companies can invest more in more efficient and innovative production when they feel comfortable borrowing and spending on investments. Makes overall production and real prices decrease.
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@fatsnowman123 @SocDoneLeft @DelusionPosting Specifically the last paragraph is the relevant one here unless we’re pivoting to industry specific policy - deficit hawks want to reduce spending and aggregate demand to achieve monetary deflation. Aggregate demand dropping will weaken even growing economies.
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@fatsnowman123 @SocDoneLeft @DelusionPosting It would unburden the majority of people from their jobs, their homes, and their businesses - just like in 2008 when we saw currency “stabilization” with near 0 rates.
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@fatsnowman123 @SocDoneLeft @DelusionPosting Great depression saw deflations and contractions and only started to ease when the inflation rate flipped positive - it reached highs in the 40s when we bounced out of it. Great recession is another example where the worst of it was when inflation dropped near 0
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@fatsnowman123 @SocDoneLeft @DelusionPosting That shittier lifestyle where people are consuming less and getting paid less so they can see their dollar balances grow temporarily in a deflationary spiral is the one that you’re advocating for. I want Americans to earn more and consume and produce as much as possible
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@fatsnowman123 @SocDoneLeft @DelusionPosting Yeah I agree it’s good for the 85-90% of ppl who want a job and have one who get to buy goods for cheaper Not so good for the 10-15% unemployed due to the velocity of the economy slowing, historically
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@fatsnowman123 @SocDoneLeft @DelusionPosting It’s not no food - just don’t go out to eat as much at restaurants It’s not no clothes - you just opt for less designer and more for walmart white tee You spend less, not spend nothing You see this with crypto kids - they consume less so they can save more btc which will grow
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@fatsnowman123 @SocDoneLeft @DelusionPosting All prices, not just products - that includes wages. The price of goods is going down because they are cheaper to produce because you don’t have to pay people as much to produce them.
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@fatsnowman123 @SocDoneLeft @DelusionPosting Yes if you just increased the value of things once, maybe. But you’re constantly asking people “do you want $1 worth of stuff, or even more stuff if you hold off on spending for another year?” More people will save than spend in that scenario than if you get less stuff next yr
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@fatsnowman123 @SocDoneLeft @DelusionPosting Deflation is a decrease in the price level - wages are a form of price. You don’t get deflation and also get wage stagnation, otherwise you just have currency stagnation. The money is more valuable because you can purchase more cheapened labor with it.
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@fatsnowman123 @SocDoneLeft @DelusionPosting The value of the money in your account will be worth more, but the amount of money in your account will decrease because you’re going to be more likely to have no income now.
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@Vinr_Hattar @Empty_America Jim Crowe was an extension of their non-american, traitorous behavior including the civil war up into the 60s always supported by a minority of the nation that wasn’t able to cut it in real America without unamerican handouts and privileges
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