I like to think that I'm a very knowledgeable organizer, so if folks want some advice ask me in the comments!
this post was submitted on 29 Sep 2023
629 points (95.6% liked)
Socialism
5187 readers
39 users here now
Rules TBD.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Inflation refers to the increase in the monetary supply without at least a corresponding increase in the available amount of goods and services. It's this increase (inflation) in the monetary supply that causes the increase (inflation) in prices.
That's a basic understanding of inflation that is taught to children in elementary school, but it's not correct as I've explained to you earlier. Also people don't set prices or wages from the money supply for the simple fact that pretty much nobody knows how large money supply is compared to their good or service or what the price of wage should be compared to the money supply.
In fact it's entirely divorced from the money supply which we can see an example of in the rampant price increases of property which haven't followed inflation but rather increased unproportionally fast.
Oh really? Because I did a presentation of inflation in grade 8. I didn't have the same understanding of it back then as I did later when I decided to study macroeconomics through college literature so I kind of regret what I said during that presentation. You sound like you've been especially unfortunate and lagged behind on your studies and I thought my teachers were holding me back, but in your case I assume you might not have had any real interest in learning anyway. That's at least what you show evidence of during these conversations.
It is probably best not to bother.
By now, further responses would just be feeding the trolls.