My family was talking about inflation today... And how the federal reserve helps maintain a good economy for everyone.
So I wrote this to them...
The costs of goods and services should naturally decrease over time. A loaf of bread used to cost 25 cents, this was back when the wheat was sewn by hand, picked by hand, and ground by a wind or water. Wheat is now grown genetically modified and with insecticides to increase yield, mass-harvested with automatic combines, ground in large quantities in giant mills, baked in industrial ovens, and shipped mass quantities to your local supermarket for $5. Where did the cost savings go of doing things a more efficient way??Economies are naturally deflationary. #Inflation is both abnormal and theft.
FoxByte
npub18c…qxjlr
2024-09-05 14:47:02
Author Public Key
npub18cyf7ec6m4yykt53w2j0sy7uwu4s9l5yhapw2jqrykhtrnwkkqyqcqxjlrPublished at
2024-09-05 14:47:02Event JSON
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"content": "My family was talking about inflation today... And how the federal reserve helps maintain a good economy for everyone.\n\nSo I wrote this to them...\n\nThe costs of goods and services should naturally decrease over time. A loaf of bread used to cost 25 cents, this was back when the wheat was sewn by hand, picked by hand, and ground by a wind or water. Wheat is now grown genetically modified and with insecticides to increase yield, mass-harvested with automatic combines, ground in large quantities in giant mills, baked in industrial ovens, and shipped mass quantities to your local supermarket for $5. Where did the cost savings go of doing things a more efficient way??Economies are naturally deflationary. #Inflation is both abnormal and theft.\n\n\n\n",
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