Dope Tech Episode 2

<<@kevin_Brown20 says : It’s crazy how much things have changed. Everything is getting more expensive rent, food, gas. It feels like no matter how much you make, it’s never enough. People are literally living in their cars or trying to go off-grid just to survive.>> <<@TheZuluPilot says : 100% correct. Opt out this silly game with Bitcoin>> <<@thomaskraus5125 says : Progressive taxation, value-added taxation, and sales taxes all create inflation. Congress and state and local governments create inflation every time they add new taxes and spend money faster than wealth is created. If governments are spending money faster than real wealth is created we have inflation. Profits earned on businesses sales are a reflection of legitimate growth of the money supply. But excessive growth in debt and compounding interest on debt instruments create inflation. To slow debt formation relative to growth in in wealth is deflation. Central banks need to reform monetary policy, tax policy, and fiscal policy. growth of the money supply without a corresponding increase in wealth, such as housing rents or mortgage income, electric bills, interest earned on savings, and interest earned on loans, are also legitimate expansions of the money supply relative to wealth in the economy. Your definition of inflation lacks nuance. Increasing the money supply indiscriminately independent of the growth of wealth in the economy, such as rents on homes and businesses, mortgage interest, increased profits of businesses, increases in wages and salary are not inflation because increasing wealth in the economy, the things money buys, legitimately allows the money supply to grow with out causing inflation.>> <<@thomaskraus5125 says : Expanding the money supply in relationship to the growth of wealth in the economy from interest earned on savings and dividends earned on investments is not inflationary but expanding the money supply ahead of wealth being created in the economy than you indeed create inflation by printing more money when no new wealth is created.>> <<@NicholasBall130 says : Our economy is facing challenges due to uncertainties, housing issues, foreclosures, global fluctuations, and the lingering effects of the pandemic, all contributing to instability. With rising inflation, slow economic growth, and trade disruptions, it's crucial for all sectors to take immediate action to restore stability and promote growth.>> <<@BehroozCompani-fk2sx says : This guy doesn't understand the supply part. Suppose the government doubles the money supply but the industry quadruples (inflates) the supply. Do you get price increases?>> <<@Schimyping says : inflation is an arbitrary artificial phenomenon created by greedy bureaucrats, leaders, and corporations in order to sift more and more money out of the world every year. a loaf of bread is a loaf of bread... a dollar bill is a dollar bill.... but pricing and value is an arbitrary phenomenon...>> <<@hollywood5274 says : INFLATION PENALIZES SAVERS! INFLATION ROBS FROM THE POOR THE MOST. INFLATION IS CREATED BY GOVERNMENT OVERSPENDING (WILLFULLY). INFLATION IS A CONSCIOUS DECISION MADE BY GOVERNMENTS TO ROB FROM THE CITIZENS.>> <<@BFaluup says : No the fed reserve does>> <<@mattjohn6819 says : Depends on what side of the fence you are on. Inflation is making the rich richer.>> <<@TranscendentSol says : I looked on reddit at R/economics and all of them were saying that government doesn’t deal with inflation, the corporation do. Mindcontrolled reddit users>> <<@bobbellamy7075 says : Corporate greed is the cause of inflation. Not sure how that has anything to do with the government>> <<@Dwj9584 says : inflation can also be influenced by other factors, such as supply chain disruptions and changes in demand>> <<@tenebrousjones4897 says : We learned this in grade school. All of us.>> <<@aeryck4665 says : An explanation so simple even a Liberal should be able to understand.>> <<@gregjock7238 says : in 1992 gas was $1.25 in my blue left coast city. in 2000 gas was $1.50. that is an inflation rate of .2%. bill clinton did a fabulous job with the economy. notice. clinton also had a balanced budget by some metrics.>> <<@edwardbarrientos1765 says : Exactly. Take the housing market. Big companies buy up thousands of houses. Create a supply demand. Hyperinflated home sales increase taxes, revenue, and assessments.>> <<@KarlSnyder-jh9ic says : He ain't wrong>> <<@StpBks says : And……it’s a “Flat Tax”>> <<@dc2717 says : Biden and his cronies really messed up the economy for millions of people.>> <<@agentsteell says : thank you usa>> <<@Greg-bx4id says : this guy only understands one side...the supply side....value also equates with the demand side...If more people want our money, the more it's valued. ie...trade surplus>> <<@shapelessed says : It's worth noting that the depression cycles starting appearing regularly in every country whenever they created a central bank...>> <<@Mark-v5u4j says : Inflation is to fill the pockets of corporations and governments>> <<@forthelulz8085 says : it's actually the banks via fractional banking. Yes the government does print money, but it's mainly the banks>> <<@dalerohling5989 says : Federal Reserve is not the government, it’s a private cabal of common interests.>> <<@nicolashopkins649 says : Premeditated organized crime. Political mafia elite shareholders profit.>> <<@Ruckus45 says : The US printing 75%+ of all money ever printed since 2020 creates inflation. It's 100% on this current administration>> <<@asdf-n5r9r says : Inflation is a made up term that doesn’t exist in reality.>> <<@Readactedsubtracted says : Lol skipped Econ 101 eh?>> <<@abelt54 says : The United States federal government is ineptitude distilled down to its purest form>> <<@bryangriffin3139 says : Yes, they’re doing exactly what Rome they are following the same pattern doesn’t anybody see this? They redefine everything we’re not stupid.>> <<@bryangriffin3139 says : Yes, they’re doing exactly what Rome they are following the same pattern doesn’t anybody see this?>> <<@patrickmendez1505 says : Only catch is you cant explain inflation and the record profits in the same conversation.>> <<@andrewnoblett9510 says : Created by cursed people . they don’t realise the balance of natural and true power . Without truth and respect we have know world .>> <<@MRtheMan2094 says : Don’t forget demand!>> <<@DJC3PO says : This needs to be viral. Their lies are working. Their redefining of the term has properly confused the masses.>> <<@syrupofwahoo3059 says : Too many dollars chasing too few goods>> <<@Tom-ob8yb says : How does increasing the interest rates help anyone other than the banks? Not anyone i know.>> <<@ukaserex says : So, he's right - inflation is a tax increase. If I pay 1 dollar, and pay 10% tax, the government gets 10 cents. But if I have to pay 1.20 for the same item, the government gets 12 cents. They get 2 more pennies without legislating a tax increase. Our government is run by people who either have no idea what they are doing, or they know precisely what they're doing and do not care about the impacts on the people they govern. I'm not sure which is worse. The end result is the same. More for them, less for us.>> <<@OctavianRothschild says : The fact that if you dont have a dollar you dont eat means that the inflation is the twist your wrist ,they print it and reserve it ,think about it ,its called the fed reserve for a reason lol>> <<@matthewjorgenson8129 says : All these business people blame government first, but never look in mirror either. Inflation is not black and white. Even through the US government has increased the money supply it is also true companies have price gouged us like crazy.>> <<@projecthonda says : And some people wanna continue to ruin this country by voting for kamella>> <<@haboruatudatalatt-sublimin8398 says : Governments??????>> <<@taberjordan1606 says : When you get rid of the gold standard and print endless amounts of money year after year, who would have thought that inflation would go up astronomically! Crazy!>> <<@justinthompson1635 says : yup...facts!!>> <<@joewestern6387 says : And so the current administration gives billions of $$$$ to foreign countries, instead of spending to improve our own country. Trump racked up a lot of debt while president, but he got something for us in return.>> <<@joewestern6387 says : True>> <<@Ele11527 says : It's all greed. Companies use the word inflation just to charge more for a product.>> <<@cadebell1751 says : All words are misunderstood… we live in the description of reality… not the creation of it… dead —- de ad —- death — de at host —- self — single energized. Living form—- ( created in Gods image a single energized living form ) who created the word holds the key to the description of the energy associated… electronic email— email…>>