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CATO's Human Freedom Index uses inflation as a metric. "87.4% of countries experienced pandemic related inflation" is a far less interesting premise.

phoe-krk 2y ago
If you consider inflation as a reduction of personal freedom, which is IMO quite a valid take, it becomes more interesting rather than less interesting to me.
- darioush 2y ago
  Inflation over the amounts needed to stimulate the economy (2-4%) is unauthorized taxation. Kinda whack how everyone is just "okay" with working hard, paying taxes, then having the value of their work spent without their authorization. Nice there are alternatives for saving.
  - dustyventure 2y ago
    By alternatives, I suppose you mean pyramid schemes that have no underlying investment that could beat inflation?
    - darioush 2y ago
      Yes like gold, real estate, and also arguably the index fund investment (that everyone buys into via 401k). All these investments are only worth anything if someone buys them from you at a higher value. Yes you can generate revenue from these but looking at increases in P/E ratios and real estate prices / income growth tells the story that the increases are primarily fueled by inflation. For example compare the pre-pandemic and post-pandemic rent for a given apartment and you will see if the "underlying investment" is providing increasing value or if the value is the same or less for an older building but inflation is propping it up.
      - darioush 2y ago
        In actuality fiat currency makes everything a pyramid scheme and allows the government to spend the wealth of the nation in whichever manner it deems fit, since the value of inflation accrues disproportionately to the asset owner (aka people who were there before you, aka pyramid scheme) vs. the earning productive class.
        rat87 2y ago
        Inflation benifits the borrowers. Fist currency makes thing run smoothly when well managed, alternatives such as the gold standard have proven to be much worse that's why everyone switched
        darioush 2y ago
        This is true but the government is the biggest borrower, who then immediately spends the funds by "awarding" contracts, obviously they don't have any corruption or favoritism when they do this, nor do they place trades using their insider knowledge of how the funds will be appropriated, which will definitely never impact the average citizen borrower (who is probably in need of borrowing money to buy a house, which is so expensive because... inflation)
        dpc_01234 2y ago
        People didn't switch because of stability problems with gold standard. That's just propaganda and fiat apologetics. As a matter of fact gold standard seen fastest and most stable growth in the history of human kind. Gold is hard to transport, secure and divide so ledgers were used instead which allowed government to just end goal standards to fund WW1 efforts, which also shows the magnitude of destruction and statist largese this enabled. I recommend Broken Money for history and analysis how it came to be that things are how they are.
        rat87 2y ago
        They literally did. They didn't want to go off the gold standard but they did because there was no choice and soon after each country went off the gold standard they started recovering from the great depression. https://www.reddit.com/r/science/comments/18tl490/abandoning_the_gold_standard_helped_countries/ https://www.reddit.com/r/science/comments/18tl490/abandoning... The gold standard caused financial crash after crash
- mp05 2y ago
  So personal freedom is equivalent to spending power? To what end?
  - phoe-krk 2y ago
    Spending power is a freedom, not freedom or the freedom. It's not equal, it's a part of.

phoe-krk 2y ago

If you consider inflation as a reduction of personal freedom, which is IMO quite a valid take, it becomes more interesting rather than less interesting to me.

darioush 2y ago
Inflation over the amounts needed to stimulate the economy (2-4%) is unauthorized taxation. Kinda whack how everyone is just "okay" with working hard, paying taxes, then having the value of their work spent without their authorization. Nice there are alternatives for saving.
- dustyventure 2y ago
  By alternatives, I suppose you mean pyramid schemes that have no underlying investment that could beat inflation?
  - darioush 2y ago
    Yes like gold, real estate, and also arguably the index fund investment (that everyone buys into via 401k). All these investments are only worth anything if someone buys them from you at a higher value. Yes you can generate revenue from these but looking at increases in P/E ratios and real estate prices / income growth tells the story that the increases are primarily fueled by inflation. For example compare the pre-pandemic and post-pandemic rent for a given apartment and you will see if the "underlying investment" is providing increasing value or if the value is the same or less for an older building but inflation is propping it up.
    - darioush 2y ago
      In actuality fiat currency makes everything a pyramid scheme and allows the government to spend the wealth of the nation in whichever manner it deems fit, since the value of inflation accrues disproportionately to the asset owner (aka people who were there before you, aka pyramid scheme) vs. the earning productive class.
      - rat87 2y ago
        Inflation benifits the borrowers. Fist currency makes thing run smoothly when well managed, alternatives such as the gold standard have proven to be much worse that's why everyone switched
        darioush 2y ago
        This is true but the government is the biggest borrower, who then immediately spends the funds by "awarding" contracts, obviously they don't have any corruption or favoritism when they do this, nor do they place trades using their insider knowledge of how the funds will be appropriated, which will definitely never impact the average citizen borrower (who is probably in need of borrowing money to buy a house, which is so expensive because... inflation)
        dpc_01234 2y ago
        People didn't switch because of stability problems with gold standard. That's just propaganda and fiat apologetics. As a matter of fact gold standard seen fastest and most stable growth in the history of human kind. Gold is hard to transport, secure and divide so ledgers were used instead which allowed government to just end goal standards to fund WW1 efforts, which also shows the magnitude of destruction and statist largese this enabled. I recommend Broken Money for history and analysis how it came to be that things are how they are.
        rat87 2y ago
        They literally did. They didn't want to go off the gold standard but they did because there was no choice and soon after each country went off the gold standard they started recovering from the great depression. https://www.reddit.com/r/science/comments/18tl490/abandoning_the_gold_standard_helped_countries/ https://www.reddit.com/r/science/comments/18tl490/abandoning... The gold standard caused financial crash after crash
mp05 2y ago
So personal freedom is equivalent to spending power? To what end?
- phoe-krk 2y ago
  Spending power is a freedom, not freedom or the freedom. It's not equal, it's a part of.