From a recent comment string/reply on r/worldnews (Reddit)
"Inflation will ALWAYS boil down to too much cash chasing to few goods. Wage increases and government handout (pandemic money, enhanced child tax credit, enhanced unemployment benefits, increased SNAP payments). The money supply increased by $5.5 trillion (+35%) in US alone. The outcome was predictable."
Really? As a classically trained economist, I believe you are in error.
Classically of course, ballooning money supply resulted not just in inflation, but in hyper-inflation. Of course, with evil, outside intervention that still occurs - such as in Venezuela.
Their economy however, was destroyed on purpose by the United States and other Western powers, due to the fact they took all their oil back from "owners" like BP and Shell.... Oh my, that is NEVER allowed.
Now however we have a centrally controlled economy, as evidenced by nonexistent, even negative interest rates at the macro level.
What are negative rates? If my name is Carnegie or Rockefeller or Shell Oil...
I actually am paid - to borrow money. Borrow a billion, pay back 900,000,000. Look it up.
No human has actually been able to understand or really touch the stock and monetary markets for about 20 years now.
100% AI, making trades and decisions... even temporarily blocking markets as they swing... in ways that are not fully understood by human beings.
It is excellent - as throughout history human greed has caused endless cycles of boom and bust, economic collapse - followed by that most profitable of industries, munitions and the endless waste and profit of war.
"War Pigs" by Black Sabbath (clickable link to Youtube)
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