Hyperinflation has very little to do with the situation we're in (it's basically always the result of a government being forced at gunpoint to pay off a debt to an external creditor), but I guess that's a little too complicated for middle school
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Replying to @ArkerHassan @RealRyanWhorton
Deflation would instead force everyone to be poor by forcing everyone to stop working
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If the price of everything doubles, and my wages go up by 1.8x, I'd come out well ahead - my mortgage wouldn't double! Sure, a lot of very rich people with a lot of assets would lose a lot of value, but they'd still be pretty rich afterwards. Let that money printer go brrr!
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If you're carrying debt, like a mortgage, then you have negative wealth, and inflation, by decreasing the value of your debt, makes you wealthier
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Replying to @arthur_affect @ArkerHassan and
This isn't actually that hard to understand but the fact that you didn't comprehend his tweet at all and yet feel the need to lecture him about it like a child is why these arguments are so obnoxious
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Replying to @arthur_affect @ArkerHassan and
Do you understand why we had multiple actual riots and insurrections in US history explicitly and openly demanding inflation? Because the people in those riots were net debtors, as has always been common for the working class (especially farmers)?
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Okay, well, inflation doesn't work like you seem to think it does Hell even in your narrative it can't possibly work like that, the evil conniving government supposedly prints money IN ORDER TO PAY OFF ITS DEBTS
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Billionaires do stuff I like even less. Even Bill Gates only puts like a third of his money into the Gates Foundation - is he the best case scenario for billionaires doing useful things with their money?
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End of conversation
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