this post was submitted on 01 Jul 2025
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Are you seriously asking for a list of every economic downturn in history?
When prices drop, unemployment goes up, people can't buy shit, rinse and repeat.
I think its more weird that in this situation where the cost of goods is raising faster then even the ’ normal ‘ rate faster then wages… you guys respond with it being preferable to the polar opposite…
Sure you may be dying of thirst, but it’s better then drowning! Completely ignoring like reason and stuff.
What if we valued labor over ownership of stuff?
The situations end up exactly the same. Either things cost more than you can afford, or your money ain't worth shit to be able to afford anything. The only real difference is which number is fucked up: the price of the goods or the value of your money.
Sounds like an intrinsic flaw of monetary based economics then.
Maybe we should do something about it? It isn't like alternatives don't exist.
Okay, show me this happening. Because literally every economic crisis I've had the privilege to live through, thanks the the Keynesians, the Chicago School of Business types, and Friedmans, has been associated with inflation.
Show me. Prove it. These economists make claims and don't have to back them up with empirical data or theories that predict future states of the world.
I don't make the assumption something is true because it sounds good and tells a good story. Prove it.
The Great Depression.
one of these is not like the others
We've had inflation as we know it since the 1970s and still had economic downturns since then. Were we simply not printing money hard enough?