Comment on Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

givesomefucks@lemmy.world ⁨4⁩ ⁨months⁩ ago

I mean, yeah, that’s intentional…

Everyone complains about inflation, but capitalism needs inflation or else average people save up money which takes it out of circulation.

Our economy would implode without it. Because as companies sell less they raise prices to maintain profits.

The problem is for the last couple decades, we only focus on the regular people and not the billionaires hiding wealth offshore or corporations not paying taxes.

They’re putting all the burden of maintaining this stupid economic system on average people, and we just can’t carry it anymore.

It’s not a long-term plan that works.

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