The memes of an apocalypse
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] The term inflation once referred to increases in the money supply (monetary inflation); however, economic debates about the relationship between money supply and price levels have led to its primary use today in describing price inflation.[2] Inflation can also be described as a decline in the real value of money—a loss of purchasing power in the medium of exchange which is also the monetary unit of account.[3] When the general price level rises, each unit of currency buys fewer goods and services. A chief measure of general price-level inflation is the general inflation rate, which is the percentage change in a general price index, normally the Consumer Price Index, over time.[4]
Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time.[1] The portmanteau stagflation is generally attributed to British politician Iain Macleod, who coined the term in a speech to Parliament in 1965.[2][3][4] The concept is notable partly because, in postwar macroeconomic theory, inflation and recession were regarded as mutually exclusive, and also because stagflation has generally proven to be difficult and costly to eradicate once it gets started.
Biflation is the state of an economy where the processes of inflation and deflation occur simultaneously. During this period there is a rise in the purchasing prices of commodity items and a fall in the purchasing prices of non-commodity items.
And now we have Stimflation (link) !
So what kind of phenomena would you end up with? Let me take a wild guess – I see (gaze in crystal ball) Chinese smuggling crates of dollars into the US via diplomatic mail and buying everything in sight. This already happens, but as soon as it starts to compress, I see chinese literally walking into discount stores and buying the whole store. I am not talking stuff manufactured in the US or normal Chinese – I am talking obscenely rich Chinese, buying luxury commodities which are and stay in high demand and have practical value in China. China cannot dump dollars effectively. But they can buy, and this will push out americans, and inflate the dollar. Food and rent and all that will become very expensive, very fast. Strangely enough most houses will still become worth less – why would a Chinese guy with too much dollar assets want to buy a suburban house? He will buy city apartments in good neighbourhoods and be in a unique bartering position (I want TEN of these apartments, whats deal can you offer me?) pushing out locals.
Unique times in the world, especially from a first world perspective. People in places like Brazil, India, Indonesia, former Eastern Bloc should know how this works, when obscenely rich westerners come and throw around their money leaving locals embittered and cynical.
What would be next? Osciflation (wild spikes up and down in the price of different product ranges) ? Exiflation (variants of inflation pushing people out of areas of economic traffic at the benefit of automated systems or foreign transactions) ?
I do not think it is unrelated, I think you will see more of this: Blood Magic Gang. LARP meeting vampire nihilism meeting cyberpunk meeting dystopia meeting completely ludicrous. Hello tomorrow!
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