94
A lesson in inflation from a 2003 Grizzly catalog
(lemmy.world)
A handmade home for woodworkers and admirers of woodworkers. Our community icon is submitted by @1985MustangCobra@lemmy.ca whose father was inspired to start woodworking by Norm and the New Yankee Workshop.
Nobody has extra cash in their pockets so where did all that printed money go…?
Wait a minute... You're not still living large off your stimulus funds from 3 years ago? Cause according to a few financial "gurus" on cable TV, we're all living it up like Scrooge McDuck.
It was a way to transfer money from the lower/middle class to the already wealthy elite. Notice how every big industry since Covid came has had “record profits”?
It's capitalisms fault. The workers should own the means of production, not some retarded nepo baby born to be a ceo.
Good for you
So what caused the inflation in the entire world? Surely a couple of stimulus checks for people in the United States of America couldn’t cause worldwide inflation. I know the us is a big deal, but… they don’t control the entire worlds economy, right?
The stimulus contributed about 3% toward US inflation. Yet inflation was 7% YOY last year. I’m no economist, but it doesn’t seem that you’ve got correct information here. Where are you getting the information that us stimulus checks caused worldwide inflation?
Was this the output of a chatbot?
Why would I respond to a bunch of vague generalizations about how inflation works written by an LLM that doesn’t even have access to information from the last few years?
Soooo… not the stimulus?