Money should be a store of value and medium of exchange.
The issue with our current monetary system is it’s controlled by states.
The only way out of this failed experiment is a money that cannot be controlled by anyone.
Found the shitcoin advocate
Rugpull enjoyer.
You need to elaborate either on how money being controlled by states prevents it achieving the listed objectives, or how being uncontrolled by anyone would help it achieve those objectives.
Otherwise your comment that is just 3 non sequiters.
Crypto is at least three non sequiturs in a trenchcoat, so that tracks. Trench coats have large pockets in which they can place all of your fiat currency, which can be freely exchanged for goods and services.
No, the problem is that having money leads to having more money and having more money also leads to having more power so every system just gets slowly worse for everyone except the rich
so many things are going on that seem to violate the bullshit i learned in economics school that i am having trouble processing this reality as real, even though i know it is. it’s unsettling
Which school of economics did you learn?
bullshit mostly. i was a micro guy not a macro guy.
I get this is just a shit post but this really gets at the unreality that has been manufactured for us. a lack of stability that makes everything just a little bit more unbelievable.
I shouldn’t need to sound like a 90 year old at my age.
“When I was a kid this was a dollar!!!”
They were saying that because it was weird to them. Inflation as we know it didn’t really start until Nixon.
Big Mac used to be 3.19 back in 2012, now it’s 6.09 but I don’t make double of what I did back then
Yeah but think of how cheap TVs that you don’t need are.
That spy on you and sell your data and then get so slow with updates after a few years you need a new one. And have advertisements baked in
Money isn’t real, and humanity will keep enslaving itself until we equally distribute the products of our labor.
Food and housing didn’t cost money until we decided it did.
We can decide to change things again.
This is also why we could decide billionaires own nothing.
Bonus:
And yet whenever you try to bring this up you get folks from all sides of the political spectrum losing their shit.
Thank you. Every time someone says “The Economy™” as something that should drive policy instead of being an effect of it, I get a little twitch.
Why should I give a shit about their economy anyway?
When articles mention “The Economy” it just means rich people’s money.
It’s one banana, Michael! What could it possibly cost? $10???
Yes.
https://theonion.com/u-s-economy-grinds-to-halt-as-nation-realizes-money-ju-1819571322/
Time to share this antiquated “news.”
I use this simple formula:
Fisrt count the number of years Trump is in office, then multiply that by 0.5. Now multiply that by the price you would normally guess the cost to be.
So if Trump is in office for 5 years, and you think something should cost $20 it turns out to be:
(5*0.5)(20)=50Making that thing that should only cost $20 actually cost $50
How does this formula account for the fact that I can’t do math? Bet you didn’t think of that.
In this case everything costs 50 unless it costs 100! Ez pz
100
Meet Zoidberg, homeowner!
100!
Oh…
You could be lucky and that the $50 thing in a 2 for the price of one sale, then it’s only gonna be $79.95
My hair ties were only $0.96 for a 30 pack before summer. The fucking things are $6 now!
I think I have sensory issues with both money and time.
Tariffs?
Minimal wage hasn’t been raised since 2009 in the US
Well yeah, then we would have inflation! /s
Also systematic monopolization of everything by like five companies. With no realistic possibility of price competition, prices will go up until people decide to stop buying things altogether
People keep making the point that in the worst of the depression, they were giving away tableware to just get people in the stores.
The CEO of McDonalds is currently lobbying the White House to raise the minimum wage. Saying there’s a “two track economy” and point out stratification. Curious.
They’re noticing they squeezed us too hard, not just as consumers but as a class. To the point where it’s eating their sales now. So they’ll adjust it just high enough that we keep bleeding for them.
Breadcrumbs.
I’ll do my part to reject consumerism. Just don’t buy non essentials unless it helps me spend even less money later. Like the £40 on canning stuff, for a couple gallons of chutney now that cost less than £5 to make and would have been like £50 or so to buy.
Still got more jars to fill, jam next I think.
If only those elections weren’t uncontrolled fund raisers…
And the poverty line hasn’t been adjusted since the 60’s iirc. No president wants to be the one that tells everyone we have so much more poverty now!
From what I read at the link below that doesn’t seem to be the case. They took a baseline of the poverty threshold in 1978 and adjusted for inflation every year. However that line seems to have been set suspiciously low to begin with.
https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines
Those are some ridiculously low numbers… So to be considered in poverty, you have to earn less than 26k jointly for a household of 3. I don’t think you’d have a house for a household at all at that amount. Barely. Making ends meet with just food, actually you’re probably going hungry every other day at that amount.
And it was only raised by like 15 cents or some shit
What’s worse is that the guy that was meant to be in horrid poverty in the christmas carol, earned more, adjusted for inflation, than bernie sander’s proposed 15 bucks an hour…
let alone the current minimum US wage.
The consumerist haven in which people no longer can afford to consume…
No wonder that the first greasy monkey that offers change is put in
And also the kidnapping of farm workers
Oprah at the grocery store. That’s all of us, now.
Man, I see you everywhere on lemmy.
