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Joined 1 year ago
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Cake day: November 19th, 2023

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  • Inflation is something that occurrd in even ancient class societies. It is noted in ancient societies that they originally issued silver coins for daily use, but as the centuries passed by successive governments debased the currency until copper coins were being used, then iron, then zinc and now today most money is digital, being produced at close to 0 cost.

    The reason why Inflation happens in class societies is that the state debasing its currency, or banks increasing their lending (both of which cause inflation by jncreasing the money supply) are easy ways for the ruling class to generate financial power and keep liquidity in the economy up.

    Another aspect to this is selection pressures for businesses. “Inflation” and “deflation” are statistical properties of an economy. That means that they exist as the sum of many small interacting parts (the prices of individual commodities).

    If any business lowers their prices pre-maturely while everyone else keeps up their prices, the business will loose profit and thus shrink relative to others. This is a strong disincentive against deflating prices except in dire circumstances (recessions) where you can safely expect everyone else to also lower prices.











  • I don’t think any international framework after the UN should have the ability to “reign in” rogue nations. We should not build some kind of world police, the US international order shows the pitfalls of this. The more powerful and influential nations will exploit punitive measures.

    Instead, we should strive to create a world where rogue nations can easily circumvent economic and political pressures, at least if they enough allies, even if the majority is against them. Basically, a kind of global anarchism (horizontal order). I would be very skeptical of a one world state, or something that tries to be like that if it was bourgeois led, or consisted primarily of bourgeois members.