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Henceforth, $1 shall cost $1. Inflation solved.
Does this one need a sarcasm tag? I don’t like using em but this joke is going to start zero fun conversations
Sarcasm acknowledged. If it were possible, what do you think the world would look like if inflation were 0% for a few decades? I hope this is a fun conversation. If not, I’ll settle for another joke, amusing anecdote or icy silence with a judgmental stare.
if inflation were 0% for a few decades
“You obviously know nothing of how the real world works.”
Was going to type a whole bullshit essay with random made up stats and facts to make your idle question look malicious and uninformed, but I just cant be arsed. Can we just pretend I was a cunt for mild chuckles?
I can’t believe you’d say that about OPs mother. Downvoted, reported, enjoy ur ban kid.
In their defence, they raised several valid points about the musical harmony between My Little Pony and eugenics that made my heart swell
kid
Did you just insult them? Counter-ban
I got the same macroeconomics education as a lot of people. I get why 2% inflation is a common target. I do, however, like thought experiments using extreme values.
I wouldn’t say it’s a particularly idle question by social media standards. Admittedly, that’s a pretty low bar. Perhaps I am uniformed. I’m definitely not being malicious.
Can we just pretend I was a cunt for mild chuckles?
Bullshit essays for a joke are one of the few legit use cases for LLMs imo
Even bullshit essays should have a soul.
The assumed reason for inflation, as I understand it, is that on one hand things devalue over time and on the other we build our system around infinite growth and rewarding innovation (many asterisks here…)
During the Middle Ages, neither statements were considered true, the world was considered stagnant and there was virtually no inflation. That was before the banking system - so with 0% inflation i would expect the banks to collapse…
And then… I don’t know! Stuff is hard and economics harder…
The world economies slow down probably.
At negative inflation there is no incentive to spend your money because is becomes increasingly valuable the longer you hold it. With high inflation, there’s incentive to spend because the longer you keep your money in the mattress the less it’s worth to you.
At zero it just is, but that’s less than the usual goal of a couple percent of inflation year over year.
Or maybe I’m full of shit idk.
I’d enjoy the topic at a less busy time of life. I’m being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that’s just from my kid!
Most cryptos are deflationary. That seems to cause hoarding.
Having no inflation sounds good to me if paired with no growth in population, but I know little about economics.
Judgemental stare
The genie just made 1 US Dollar equal to 1 Australian dollar. One problem solved, another created.
Rent.
Make cents
Nice. Here, have a penny for your thoughts.
Maybe :3
Fuck rent. Home ownership. And 2 homes max.
Wait. It’s possible to actually own a house? I thought only boomers were allowed to. I checked what mortgage I could get. I’m able to purchase a parking spot.
And 2 homes max.
Why would you need 2 houses?
A concession to vacation homes. So long as there are enough homes for everyone, I see little problem with it. Restoring the wilderness and everyone learning to camp would be better.
Ok, you get a maximum of 1 sqr feet for that and no paying for a bigger flat.
Feet? I’m not Tarantino
If only residential rents really were capped at $1, what do you think would happen? In this scenario, I’m assuming it’s limited to one per household. That is, a family or individual can’t rent multiples at $1, just the one.
The rental market immediately dries up as everyone with the ability to move into a rental place does so. Owners of apartments and rental houses immediately divest at the earliest possible time since properties are no longer lucrative. In the meantime, they fail to put any effort into the pretense of basic upkeep except whatever makes their rentals sellable.
The market becomes immediately saturated with previous rental properties now available for individual sale and high supply lowers cost dramatically. The idea of sunk costs makes owners unlikely to sell at rock bottom prices so apartment complexes and the like go out of business, evict everyone and sell their copper from their air conditioners to modestly recuperate the last few months of expenses (water, electricity, leading office staff, etc) and burn them down for insurance money. Single family homes are donated for the use of younger relatives until the market recuperates enough to sell.
It’s a wild ride for about $24 worth of months for all renters, then, ultimately, the price of housing comes down but renting is no longer a “thing”. Some renters can now afford to buy their own houses (Yahoo!) but without changing the pay structure of society, the most vulnerable of wage workers are now homeless (Crap).
Or something, idk.
I’ll go a step further and say residential property.
Per square feet?
$2 now costs $1
Economy killed in a single move. 😅
I’m putting a 100% tarrif on $1
We just killed the printing machine of one group. We’ll trade other things.
I am willing to trade gifs
Asking a price for something costs 1€ for every 0,50€ now.
I didn’t understand this. Could I have an example?
You want to sell an apple for 3€. That is 6 × 50 ct. For every 50 ct you ask in price you have to pay 1€. Therefore if you ask a price of 3€ for an apple you have to pay 6 × 1€ = 6€.
2 bedroom apartment
Man, that jump to a 3rd is STEEP
Bitcoin.
That could actually make it a viable currency. Unless you mean the entirety of all bitcoin in which case lol.
I think there are cryptos that fix their value to the dollar
The cost of all stuffed animals at a thrift shop.
Then I could easily work on increasing the amount of rescues I will have. It’s currently 1.5 rescue to 4 others ( purchased at a store, gift shop, gift, etcetera ).
My goal to someday have more rescues than store bought would be a little easier.
Oh yeah, and kids would have an easier time accessing them because $1 stuffed animals are a lot easier to convince a parent to buy than a $5.99 stuffed animal. But I don’t like kids, so they were an afterthought!
To whom does the money go?
To me of course
Free Parking so that the game can drag out indefinitely.
Raising a child.
That should cover like 90% of everything for everyone, even if you don’t have kids.
How is this hypothetical child being raised? Are we talking Capri sun here or Tropicana. Do they get an iPad?
Self actualization.
Boom, straight to the top, fuck you Maslow.
How does that work if I’ve still got a dead-end job though?
the economy
It now costs $1 to buy everything that a billionaire owns
deleted by creator
US government for 1 dollar? Count me in
No thanks it’s gone rotten
Some poor sod at the US government: “Hold on! HOLD ON! We’re getting hundreds of payments a minute. We need some time to verify all of the new vote orders. It’s very complicated. All votes will happen in due time!”
Star Trek matter replicator (batteries included)
Hell yes infinite beans!
500 cigarettes.
Housing.
