It now costs $1 to own more than a billion dollars in assets for one *microsecond. We’re talking total value here assets, property.
Bezos would be down to a billion in just over 2 days.
1$ footlongs.
That’s not a good or service. Fucking low bar for humor, holy shit.
Raising a child.
That should cover like 90% of everything for everyone, even if you don’t have kids.
1 dollar children, I like that
How is this hypothetical child being raised? Are we talking Capri sun here or Tropicana. Do they get an iPad?
Ipad is 2 dollars.
Self actualization.
Boom, straight to the top, fuck you Maslow.
How does that work if I’ve still got a dead-end job though?
Smile more
Henceforth, $1 shall cost $1. Inflation solved.
Does this one need a sarcasm tag? I don’t like using em but this joke is going to start zero fun conversations
A dollar always costs one dollar. What changes is the price of goods.
Don’t make me tap the sign
Tapping the sign now costs $1.
At least the sign only cost a dollar though.
Still worth it
The genie just made 1 US Dollar equal to 1 Australian dollar. One problem solved, another created.
Sarcasm acknowledged. If it were possible, what do you think the world would look like if inflation were 0% for a few decades? I hope this is a fun conversation. If not, I’ll settle for another joke, amusing anecdote or icy silence with a judgmental stare.
if inflation were 0% for a few decades
“You obviously know nothing of how the real world works.”
Was going to type a whole bullshit essay with random made up stats and facts to make your idle question look malicious and uninformed, but I just cant be arsed. Can we just pretend I was a cunt for mild chuckles?
Bullshit essays for a joke are one of the few legit use cases for LLMs imo
Even bullshit essays should have a soul.
I can’t believe you’d say that about OPs mother. Downvoted, reported, enjoy ur ban kid.
In their defence, they raised several valid points about the musical harmony between My Little Pony and eugenics that made my heart swell
I’m trying really hard to interpret this, but I feel like I’m missing some context.
there isnt one
Okay, that’s pretty funny.
kid
Did you just insult them? Counter-ban
But what if they’re actually a kid?
Pretty sure that’s actually a crime since kids can’t be on platforms, which is why companies ban you if they find out you’re under 13.
I got the same macroeconomics education as a lot of people. I get why 2% inflation is a common target. I do, however, like thought experiments using extreme values.
I wouldn’t say it’s a particularly idle question by social media standards. Admittedly, that’s a pretty low bar. Perhaps I am uniformed. I’m definitely not being malicious.
Can we just pretend I was a cunt for mild chuckles?
I’d enjoy the topic at a less busy time of life. I’m being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that’s just from my kid!
Fair enough. Thanks for taking the time to respond.
I’m being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that’s just from my kid!
Hiyo! I really got a kick out of that.
You stay brave, Little Hitachi Wand.
Edit: Forgit tu spel gud
You did say jokes were one of the options, and I didn’t get nearly funny enough to cope with my trauma by skipping a chance to get silly.
I hear that. I take every chance I get.
Time preferences would be lengthened due to lower interest rates. People would save instead of taking on more debt. It would be harder to get a loan, but your real interest rate would be lower.
Instead of deliberately encouraging consumption, everyone would buy less stuff. This would be terrible for “the economy” (rich people) but great for people who live in the environment.
That makes sense. It sounds like the closer to zero it gets the better. I know deflation is problematic. I wonder how close to zero is achievable. We’ve seen stable inflatuon of about three percent, plus or minus two for a few years in the past. I wonder if it’s possible to achieve two percent, plus or minus one without going under zero.
The world economies slow down probably.
At negative inflation there is no incentive to spend your money because is becomes increasingly valuable the longer you hold it. With high inflation, there’s incentive to spend because the longer you keep your money in the mattress the less it’s worth to you.
At zero it just is, but that’s less than the usual goal of a couple percent of inflation year over year.
Or maybe I’m full of shit idk.
No, that sounds about right. Deflation is pretty consistently devastating.
The assumed reason for inflation, as I understand it, is that on one hand things devalue over time and on the other we build our system around infinite growth and rewarding innovation (many asterisks here…)
During the Middle Ages, neither statements were considered true, the world was considered stagnant and there was virtually no inflation. That was before the banking system - so with 0% inflation i would expect the banks to collapse…
And then… I don’t know! Stuff is hard and economics harder…
Thanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
Indeed very interesting. Honestly, it still seems that the reason for inflation is “not backed by real good and something else we don’t quite understand”, in particular considering the examples of bills of credit in North America
Agreed. Someone else in this thread suggested that population growth was a factor. That was an interesting take. All things being equal, I would have assumed population growth would affect the magnitude of inflation, but not its direction. I think you’re right that there’s definitely some unknowns. I’m not sure I want an advanced degree in economics, but that’s what it might take to understand more.
🥶
Most cryptos are deflationary. That seems to cause hoarding.
Having no inflation sounds good to me if paired with no growth in population, but I know little about economics.
I wasn’t even considering crypto. Thanks for the insightful example.
That’s an interesting point. I wonder what it would look like if inflation were targeted to population growth percentage rather than a fixed number.
You’re welcome! I like my floss to stay the same price.
Same. I got one of those large dispensers like dentists use and the corresponding bulk rolls of the nice ribbon style floss to fill it. I only ever use the regular sizes for traveling now. Keeps costs and plastic waste down. I don’t have to think about it for years at a time. It’s a small thing, but I like it.
Judgemental stare
I felt that like: ಠ_ಠ
Shrinkflation
$2 now costs $1
Congrats, everything has doubled in price overnight.
Economy killed in a single move. 😅
I’m putting a 100% tarrif on $1
We just killed the printing machine of one group. We’ll trade other things.
I am willing to trade gifs
The cost of all stuffed animals at a thrift shop.
Then I could easily work on increasing the amount of rescues I will have. It’s currently 1.5 rescue to 4 others ( purchased at a store, gift shop, gift, etcetera ).
My goal to someday have more rescues than store bought would be a little easier.
Oh yeah, and kids would have an easier time accessing them because $1 stuffed animals are a lot easier to convince a parent to buy than a $5.99 stuffed animal. But I don’t like kids, so they were an afterthought!
It now costs $1 to buy everything that a billionaire owns
US government for 1 dollar? Count me in
No thanks it’s gone rotten
Some poor sod at the US government: “Hold on! HOLD ON! We’re getting hundreds of payments a minute. We need some time to verify all of the new vote orders. It’s very complicated. All votes will happen in due time!”
deleted by creator
I’d buy that for a dollar.
Rent.
Fuck rent. Home ownership. And 2 homes max.
Wait. It’s possible to actually own a house? I thought only boomers were allowed to. I checked what mortgage I could get. I’m able to purchase a parking spot.
And 2 homes max.
Why would you need 2 houses?
A concession to vacation homes. So long as there are enough homes for everyone, I see little problem with it. Restoring the wilderness and everyone learning to camp would be better.
Make cents
Nice. Here, have a penny for your thoughts.
Maybe :3
I’ll go a step further and say residential property.
RIP rentable apartments
Ok, you get a maximum of 1 sqr feet for that and no paying for a bigger flat.
Feet? I’m not Tarantino
This is a huge win for tiny contortionists.
If only residential rents really were capped at $1, what do you think would happen? In this scenario, I’m assuming it’s limited to one per household. That is, a family or individual can’t rent multiples at $1, just the one.
The rental market immediately dries up as everyone with the ability to move into a rental place does so. Owners of apartments and rental houses immediately divest at the earliest possible time since properties are no longer lucrative. In the meantime, they fail to put any effort into the pretense of basic upkeep except whatever makes their rentals sellable.
The market becomes immediately saturated with previous rental properties now available for individual sale and high supply lowers cost dramatically. The idea of sunk costs makes owners unlikely to sell at rock bottom prices so apartment complexes and the like go out of business, evict everyone and sell their copper from their air conditioners to modestly recuperate the last few months of expenses (water, electricity, leading office staff, etc) and burn them down for insurance money. Single family homes are donated for the use of younger relatives until the market recuperates enough to sell.
It’s a wild ride for about $24 worth of months for all renters, then, ultimately, the price of housing comes down but renting is no longer a “thing”. Some renters can now afford to buy their own houses (Yahoo!) but without changing the pay structure of society, the most vulnerable of wage workers are now homeless (Crap).
Or something, idk.
That sounds about right. Thanks for the thorough response. I wonder if, in that scenario, the government offered a bailout to convert to condos, it would help at all to prevent housing recession.
Per square feet?
My feet have a normal foot form, not square. That seems impractical.
Star Trek matter replicator (batteries included)
Hell yes infinite beans!
500 cigarettes.
My smile. Time to make the world a better place.
Currently it costs direct air capture startup “Climeworks” about 1200 usd to remove one metric ton of CO2 from the atmosphere, the average human directly emits about 0.8 kg of CO2 a day (just through breathing).
Thus, breathing costs 1 USD a day to offset using “Direct Air Capture”.
It said price, not cost. Now no one will solve climate change because the price is beneath cost.
Housing.
Which means house holders will buy it more
Legal limit of 2 per household. Illegal for corporations to own housing of any kind. Immediate sell-off mandatory.
