|
|
|
|
|
by 10000truths
7 days ago
|
|
> Inflation is caused by the government, not wealth creation. The US had zero net inflation from 1800-1914, despite incredible amounts of wealth creation. The inflation since 1914 is caused by government deficits. > Government deficits are not caused by rich people. They're caused by the people you voted for. I do not dispute this, but the deficit is exacerbated by a lack of tax revenue. Scrutiny will naturally move towards the people who are most able to fill the coffers. > No, they're not. Their availability and price is determined by the Law of Supply and Demand. I misspoke. What I meant to say is that the demand is fixed (i.e. inelastic). As you said, you can only eat so much - a poor person's subsistence will make up a much larger portion of their monthly budget than a that of a rich person. |
|