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HardPawns t1_irawv92 wrote

Well, it’s a golden opportunity to learn some basics about economy then.

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AlxIp OP t1_irb27yx wrote

Economists hate him! Solve inflation with this one simple trick!

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Khemith t1_irbixvk wrote

Nixon did it.

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Galle-on t1_irbnac4 wrote

Ah yes, Nixon. The well renowned economic genius, Nixon.

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Khemith t1_irbp2ib wrote

wow you're a genius. It's not the President has whole team of economic advisors....

https://en.wikipedia.org/wiki/Nixon_shock

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blackmirar t1_irbsswy wrote

From that link:

> The Nixon Shock has been widely considered to be a political success, but an economic failure

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Hadren-Blackwater t1_irbv11y wrote

>Nixon did it.

Belarus is obviously pining for the good ol' soviet economy, where the state sets up prices for the economy but at the same time expect shelves to not be empty.

And some people wonder why communism/socialism lost.

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Khemith t1_ircpsuq wrote

"soviet economy" You do know that price caps have been around long before the soviets right?

Gee I wonder why the Earth is dying from only 200 years of capitalism. McDonalds on every corner and 1% owning the most they have ever had in the history of the world. Such a "win"

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OhMyGodTheyKilledBri t1_irgt4n1 wrote

The world has grown to a population that should not even be possible. How do you think that happens if things are worse than ever. You need to study and stop listening to NPR. Like it or not, the human race has never had more abundance.

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Khemith t1_irgxdze wrote

"NPR" wow you reactionaries think people treat NPR like Fox News.

You need to pull your head out of your trailer park mindset and see what capitalism is doing to the environment, and our culture. Wages have stagnated since the 70's productivity is higher than ever before. The oceans are turning into acid and capitalism has zero ability to combat these because it's profit at all costs.

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OhMyGodTheyKilledBri t1_irgxt3l wrote

Lol. You have no idea who I am. Stop it. I listen to NPR all the time, I don’t listen to Fox. NPR is unabashedly anti capitalist. To quote the story I was listening to a few days ago about inflation “companies have gotten addicted to sky high profits…” They have zero understanding of how economics work. If you think humans suffered less before capitalism, you’re delusional.

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Khemith t1_irh5kih wrote

"Economics" = infinite resources. pollution and social alienation magically go away. Profits at all costs. Human extinction due to the capitalist machine finally seeing us as limits to its profit making ability.

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Gh0stMan0nThird t1_irdsg4u wrote

The Earth has been through much worse than this. It's humans that are going to be undone by our own greed.

Biodiversity will return once humans are gone.

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