1) When the Fed and every other policy maker says they want inflation...What they are really saying is that they want "real" wages to go down. Repeated all over the world - a global arms race to manipulate currency.
2) Why? Because with how fast technology is moving across industries, the labour % of cost must move down for a business to remain competitive - as every company in the world competes with technology.
3) The problem is that policy makers all over the world are asking the wrong question. How do we get to full employment?
4) Faced with an "impossible" task given how fast technology is moving, their only answer becomes: Currency manipulation and the distortion of free markets. Which leads to escalating manipulation and control. (ironic because its like giving the arsonist gasoline for the fire)
5) and because prices are forced up artificially, it also means that companies are forced to remove labour faster through technology or risk becoming zombie companies only "protected" by the state.
6) That path - completely manipulated - and forcing society down a road of self interest and survival, pushing further and further from free markets is ALL due to an almost blind belief that technological deflation is a bad thing.
7) When what technological deflation actually means is that productivity is going up quickly. (exponentially) which is the best thing for society. As a by-product, prices (given a free market) would be coming down at the same rate. (after the cleansing of excesses)
8) Those falling prices (in everything) would mean that instead of needing more jobs (at lower real wages) to pay for higher prices that were only forced higher through manipulation of free markets in the first place, humanity could step off the inflationary wheel of insanity.
9) And move to a future where the value of your "time" was treated more importantly than the value of your money.
@PrestonPysh @APompliano @Breedlove22 @theRealKiyosaki @100trillionUSD @PeterMcCormack @MartyBent
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