AI in a box

[Eagler]

The cure for high prices is high prices.  Eventually you cross the outrage threshold and people just stop buying.

Like those $120,000 pickup trucks sitting on dealers lots.  Let them depreciate and rust on the lot.

Which is how it has/should work but not so sure it will in the future..

Might be more money printing for vote buying checks to subsidized everything like they did EV's before they realized they never had the money to do that even..

Interesting times ahead..

Eagler

[CptTrips]

Which is how it has/should work but not so sure it will in the future..

Might be more money printing for vote buying checks to subsidized everything like they did EV's before they realized they never had the money to do that even..

Interesting times ahead..

Eagler

When you're given free money like a COVID or Tariff check, or borrowing is essentially free, it suppresses any normal price sensitivity.

Cut off the free money and put the fear of imminent job loss into hearts and minds, and price sensitivity will return with a vengeance.

Which spirals into deflation and depression as people stop spending.

Hyper inflation or depression.  Take you choice. 

Deflation after decades of insane free-money policy is needed, but it won't be fun or pretty.

[AKIron]

Many things will lose their value but groceries and real estate will always be in demand.

[AKIron]

We spend $100 billion a year on SNAP. How much money could we save if we offered a couple of MREs a day for those unable to provide for themselves? I ate them. They're not bad.

[Meatwad]

We spend $100 billion a year on SNAP. How much money could we save if we offered a couple of MREs a day for those unable to provide for themselves? I ate them. They're not bad.

How much would it really be if the fraud and non eligible was removed

[CptTrips]

Many things will lose their value but groceries and real estate will always be in demand.

House prices dropped 20% after the GFC.  It took 10 years to recover.

Why would they be immune this time?  This is going to be way worse that GFC.

[Eagler]

How much would it really be if the fraud and non eligible was removed

They won't allow anyone to actually determine that as the waste would be as shocking as it is criminal..

Like everything else government runs it waste more than it uses properly..

...and it has bought votes since Johnson..

Eagler

[AKIron]

House prices dropped 20% after the GFC.  It took 10 years to recover.

Why would they be immune this time?  This is going to be way worse that GFC.

And people won't sell what they have and builders won't build. Lots of new apartments here.