I am not an economist. So this is my humble opinion. We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system. We fail to vote for politicians who will regulate this system. It seems to me it is the voters who chose the system, it’s regulation and the politicians and policies that influence the system.
No system other than capitalism has ever been even remotely successful, unfortunately. But we still have to carefully regulate it, lest we be strangled by the invisible hand of the non-free market.
So yeah, the real incompetence was inside us all along. Inside right-wing voters, to be precise.
We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system.
Inflation is merely observance of people believing that a currency has become less valuable than in the past. In what way is that a problem of capitalism? Currency is not a feature of capitalism, nor is assigning value to something a feature of capitalism.
Perhaps you mistyped ‘currency’ when you wrote ‘capitalist’? Autocorrect can be a harsh mistress. It is true that we live in a currency system.
@EhForumUser
Nope, no autocorrect. Currency is a means of trade within the system. Not sure why you would not think that was a necessity within the system?
@argv_minus_one
I am not an economist. So this is my humble opinion. We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system. We fail to vote for politicians who will regulate this system. It seems to me it is the voters who chose the system, it’s regulation and the politicians and policies that influence the system.
No system other than capitalism has ever been even remotely successful, unfortunately. But we still have to carefully regulate it, lest we be strangled by the invisible hand of the non-free market.
So yeah, the real incompetence was inside us all along. Inside right-wing voters, to be precise.
Inflation is merely observance of people believing that a currency has become less valuable than in the past. In what way is that a problem of capitalism? Currency is not a feature of capitalism, nor is assigning value to something a feature of capitalism.
Perhaps you mistyped ‘currency’ when you wrote ‘capitalist’? Autocorrect can be a harsh mistress. It is true that we live in a currency system.
@EhForumUser
Nope, no autocorrect. Currency is a means of trade within the system. Not sure why you would not think that was a necessity within the system?