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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
I’m trying really hard to interpret this, but I feel like I’m missing some context.
there isnt one
Okay, that’s pretty funny.
kid
Did you just insult them? Counter-ban
But what if they’re actually a kid?
Pretty sure that’s actually a crime since kids can’t be on platforms, which is why companies ban you if they find out you’re under 13.
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.
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!
Fair enough. Thanks for taking the time to respond.
I’m being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that’s just from my kid!
Hiyo! I really got a kick out of that.
You stay brave, Little Hitachi Wand.
Edit: Forgit tu spel gud
You did say jokes were one of the options, and I didn’t get nearly funny enough to cope with my trauma by skipping a chance to get silly.
I hear that. I take every chance I get.
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…
Thanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
Indeed very interesting. Honestly, it still seems that the reason for inflation is “not backed by real good and something else we don’t quite understand”, in particular considering the examples of bills of credit in North America
Agreed. Someone else in this thread suggested that population growth was a factor. That was an interesting take. All things being equal, I would have assumed population growth would affect the magnitude of inflation, but not its direction. I think you’re right that there’s definitely some unknowns. I’m not sure I want an advanced degree in economics, but that’s what it might take to understand more.
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.
No, that sounds about right. Deflation is pretty consistently devastating.
🥶
Judgemental stare
I felt that like: ಠ_ಠ
Time preferences would be lengthened due to lower interest rates. People would save instead of taking on more debt. It would be harder to get a loan, but your real interest rate would be lower.
Instead of deliberately encouraging consumption, everyone would buy less stuff. This would be terrible for “the economy” (rich people) but great for people who live in the environment.
That makes sense. It sounds like the closer to zero it gets the better. I know deflation is problematic. I wonder how close to zero is achievable. We’ve seen stable inflatuon of about three percent, plus or minus two for a few years in the past. I wonder if it’s possible to achieve two percent, plus or minus one without going under zero.
The genie just made 1 US Dollar equal to 1 Australian dollar. One problem solved, another created.
A dollar always costs one dollar. What changes is the price of goods.
Don’t make me tap the sign
Tapping the sign now costs $1.
At least the sign only cost a dollar though.
Still worth it
Shrinkflation
$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
Congrats, everything has doubled in price overnight.
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.
I’ll go a step further and say residential property.
RIP rentable apartments
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.
That sounds about right. Thanks for the thorough response. I wonder if, in that scenario, the government offered a bailout to convert to condos, it would help at all to prevent housing recession.
Ok, you get a maximum of 1 sqr feet for that and no paying for a bigger flat.
Feet? I’m not Tarantino
This is a huge win for tiny contortionists.
Per square feet?
My feet have a normal foot form, not square. That seems impractical.
It now costs $1 to buy everything that a billionaire owns
US government for 1 dollar? Count me in
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!”
No thanks it’s gone rotten
I’d buy that for a dollar.
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Star Trek matter replicator (batteries included)
Hell yes infinite beans!
500 cigarettes.
Self actualization.
Boom, straight to the top, fuck you Maslow.
How does that work if I’ve still got a dead-end job though?
Smile more
Raising a child.
That should cover like 90% of everything for everyone, even if you don’t have kids.
1 dollar children, I like that
How is this hypothetical child being raised? Are we talking Capri sun here or Tropicana. Do they get an iPad?
Ipad is 2 dollars.
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That could actually make it a viable currency. Unless you mean the entirety of all bitcoin in which case lol.
if the US dollar crashes then Bitcoin would do the same, with that drawback why not just use the dollar? (I know nothing about crypto)
Less tracking? Marginally lighter physical wallet? Idk, crypto is a scam as far as I can tell. Sure you can make a whole bunch of money and we’ve decided its legal but its somehow both an investment where you can make and lose millions and a currency to pay for absolutely nothing I’ve ever seen. If there was just one or if a few were based around NAFTA, BRICS or EU whatever it could make sense. But every scummy podcaster and 4chan memer makes their own to scam the participants.
To boycott Mastercard for banning porn games
I think there are cryptos that fix their value to the dollar
There are; they’re called “stablecoins”.
The USD is now backed by bitcoin and you spend small fractions of a dollar.
Housing.
Which means house holders will buy it more
Legal limit of 2 per household. Illegal for corporations to own housing of any kind. Immediate sell-off mandatory.
2 bedroom apartment
Unfortunately a three bedroom still costs $2000, I don’t understand it either
Man, that jump to a 3rd is STEEP
My smile. Time to make the world a better place.
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€.
Thanks! I get it now.
“Retailers hate this one weird trick!” [YouTube face]
To whom does the money go?
To me of course
Free Parking so that the game can drag out indefinitely.
Currently it costs direct air capture startup “Climeworks” about 1200 usd to remove one metric ton of CO2 from the atmosphere, the average human directly emits about 0.8 kg of CO2 a day (just through breathing).
Thus, breathing costs 1 USD a day to offset using “Direct Air Capture”.
It said price, not cost. Now no one will solve climate change because the price is beneath cost.
