• madcaesar@lemmy.world
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    6 days ago

    Because fixing inflation means jacking up interest rates and cutting government spending. And no-one wants that.

    People are too stupid to understand inflation and too stupid to understand how it’s combated.

    • SoylentBlake
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      6 days ago

      Fixing inflation is fucking easy. Inflation is the devaluing of the currency by having too much of it in circulation, so, you remove some currency from circulation.

      It can be done overnight. It’s really simple too, AND we already have all the processes in place and people trained, everything.

      It’s called a tax.

      Only instead of the rich “earning” less than their normal fleecing, they decide to fuck over the working class again. And again. And again.