A Boring Dystopia

9755 readers

1477 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks@lemmy.world

511

Income isn't keeping up with inflation, 76% of Americans say in new CBS News poll (youtu.be)

submitted 11 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

39 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] partial_accumen@lemmy.world 1 points 11 months ago

I'd even argue that artificially driving up inflation in a controlled way is a good idea in certain situations. If you're a nation with good domestic production of vital materials (food, fuel, etc), and have a strong export market with a strong currency, your strong currency drives down exports.

Increasing inflation makes your currency worth less, allowing other nations to buy your exports in larger quantity. China has done this for years artificially keeping their currency value low.

Like everything else with monetary policy, each thing is just a tool. Its possible to use it to create as well as destroy.