RE: Inflation Rate Multiplier: Part of the Great Reset?

8 mo
LeoFinance
1 Min Read
145 words

The government and the organizations under it are so corrupt. It's so inefficient and I can only see their current actions as sucking money away from us. I don't even know if there is anything that can really be done about it at this point.

However, I am not really sure I agree with the inflation narrative. Technology is always improving and I think it tends to be more deflationary because the price we are paying for this relative to the price we pay a decade ago in terms of electronics and etc is definitely lower. I think technology only moves it downwards but the supply chain issues are causing prices to go up in the short term. It is possible that the confidence in fiat drops and prices go up because of that and it could offset the deflationary aspects.

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Technology is always improving and I think it tends to be more deflationary

I agree completely! Technology brings about lower prices for goods and services and as technology continues to improve, it will become even more influential in bringing costs down. What's difficult is when the scale changes. What used to be $10 can now be bought (because of advanced manufacturing) at the $1.00 store... but then the $1.00 store becomes the $10 store because of 10x inflation, we're right back where we started! But instead of being $100, it's only $10.

supply chain issues are causing prices to go up in the short term

Once the supply chain issue is resolved, it will improve a lot of things. We were told that once the "pandemic" restrictions were lifted, everything would be back to normal, but we're discovering they are far from normal.

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