/biz/ - Business & Finance

[Anonymous No.51434798]

Why do prices for good and services only ever go up and never down?

[Anonymous No.51434821]

Because the cost keeps getting shored off onto the consumer

[Anonymous No.51434967]

>>51434798
>Why is a literal piece of paper with an arbitrary number printed on it losing value compared to goods and services that people actually need

[Anonymous No.51434984]

>>51434798
Because inflation is good for the economy! Didntchaknow? If we had deflation everybody would just sit on their cash and not invest in the economy! So your savings and future salaries MUST be constantly devalued!
But seriously, the debt-based monetary system would collapse without inflation. And I'm talking about inflation of the "money" supply. Rising prices are just an effect of monetary inflation. Making more new dollars means all the exisiting old dollars are less scarce and therefore less valuable.

[Anonymous No.51435015]

>>51434798

[Anonymous No.51435092]

>>51435015
Deflation is the enemy the loan owners.

[Anonymous No.51435114]

>>51434798
If only my shitcoins did the same.

[Anonymous No.51435180]

>hear you can save money by switching insurance
>call up insurance wagie for a quote
>quotes me 3X current house insurance, auto same, motorcycle 2X
>less coverage on auto and motorcycle
>took him an hour to come up with that
>ok thanks bro, wont be switching
>h-hold on there anon let me call you back in a month with a better quote
>ok just run the numbers ahead of time and if its not better than current dont call me
>sure sure
>... 1 month later
>get call from insurance wagie
>takes 30 minutes to get to the point
>quote is still ~twice what im paying overall
>ok thanks, never call me again
why are they like this

[Anonymous No.51435213]

>>51435180
My renter's insurance keeps trying to get me to switch my auto to them even though their rates are worse. The service economy is a mistake.

[Anonymous No.51435312]

>>51434798
Because the working class allows it

[Anonymous No.51435451]

>>51434798

[Anonymous No.51435477]

>>51434798
They go down all the time, what are you talking about?

[Anonymous No.51435687]

Prices continually increasing is inherent to Fiat currency systems. It is entirely possible have a healthy economy with inflation - during the late 1800s the US, UK, and Germany economies massively increased in size, all the while having mild deflation over that time period. You just need some sort of sound money that the government & banks can't just magic more up of.