Inflation is at a 40 year high. What can history teach us?
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Inflation is at a 40 year high. What can history teach us?
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Re: Inflation is at a 40 year high. What can history teach us?
#2Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
Re: Inflation is at a 40 year high. What can history teach us?
#3Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
Who wants the poor to be poorer so long as the rich are a little less rich? How is that a good thing?
Re: Inflation is at a 40 year high. What can history teach us?
#4Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
I personally didn’t get that from the highlight reels of the mid 70’s and early 80’s.
Mostly it was the total chaos, riots, and unrest.
They were also immediately followed by Reagan, who wasn’t exactly a shining beacon of progressivism.
But there were a lot of changes during that time, many that could be considered progressive, mixed in with (or perhaps the reason behind?) the chaos. A lot of folks don’t like change, after all.
Re: Inflation is at a 40 year high. What can history teach us?
#5Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
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Re: Inflation is at a 40 year high. What can history teach us?
#6Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
I personally didn’t get that from the highlight reels of the mid 70’s and early 80’s. Mostly it was the total chaos, riots, and unrest. They were also immediately followed by Reagan, who wasn’t exactly a shining beacon of progressivism. But there were a lot of changes during that time, many that could be considered progressive, mixed in with (or perhaps the reason behind?) the chaos. A lot of folks don’t like change,…
> total chaos, riots, and unrest
looks like we come full circle
Re: Inflation is at a 40 year high. What can history teach us?
#7Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
I gotta say, I should not be surprised at people advocating for inflation. But I am. High inflation has been the boogeyman, foe and underminer of economies world-wide, left-leaning and right-leaning, so I didn't see it coming. But here we are, people advocating for the erosion of purchasing power!
But, if it were a wining combination I guess we can expect Biden to embrace Inflation, Advocate for it and pronounce that he will redouble efforts to accelerate inflation so that we can all look forward to a better economy and better future with High Inflation.
This is WILD. I can't believe my eyes. Despite the Zimbabwe, Brazil, Turkey, etc., experience, people are making the case FOR inflation? My word.
Re: Inflation is at a 40 year high. What can history teach us?
#8Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
I gotta say, I should not be surprised at people advocating for inflation. But I am. High inflation has been the boogeyman, foe and underminer of economies world-wide, left-leaning and right-leaning, so I didn't see it coming. But here we are, people advocating for the erosion of purchasing power! But, if it were a wining combination I guess we can expect Biden to embrace Inflation, Advocate for it and pronounce that…
You are not saying anything.
Re: Inflation is at a 40 year high. What can history teach us?
#9Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
Who wants the poor to be poorer so long as the rich are a little less rich? How is that a good thing?
Is that meant to be ironic or not? It is a fact that [real] incomes have not risen for decades, and now , at least in europe, we are facing catastrophic consequences
https://www.newyorker.com/news/john-cassidy/pikettys-inequal...
Re: Inflation is at a 40 year high. What can history teach us?
#10Weren't the high inflation years also some of the most progressive, with some of the lowest inequality in recent decades?
I personally didn’t get that from the highlight reels of the mid 70’s and early 80’s. Mostly it was the total chaos, riots, and unrest. They were also immediately followed by Reagan, who wasn’t exactly a shining beacon of progressivism. But there were a lot of changes during that time, many that could be considered progressive, mixed in with (or perhaps the reason behind?) the chaos. A lot of folks don’t like change,…
... As opposed to the chaos, riots, and unrest that was the 60's?