Dollars and Cents - Solution to today's stupid economy
Back in the day bread cost 50 cents.
I used to buy two pairs of shoes for 10 dollars.
In the fifties a shirt was 5 pounds.
We used to be able to buy a car for 500 dollars. And the list goes on….
At the same time, people also say, I used to get paid 50 cents an hour, or my monthly salary was 10 pounds. Obviously there’s a longing for the past where people used to buy things for a small amount of money. I say, bring the future to the past and introduce deflation. I’m sick of hearing about the economic bubble, and higher prices. I want to hear about deflation. I want to say to my kids, back in the day the price of a house was 100,000 but thanks to Daddy’s idea now it’s 2.50.
Of course I’m not only talking about deflating prices, I also want to deflate wages. Just think of the tax on your deflated pay check. It will no longer be in the hundreds of dollars, but rather fractions of cents. There are some true benefits to deflation, that economists have failed to realize. Let me explain. A brand new TV costs 1000 dollars, but wouldn’t it be more attractive if it was only $5? Even though you’re getting paid less, a $5 TV will still feel like a bargain. Thus, deflation will create a surge of money spending which will directly stimulate the economy. Huh? Huh? How am I with you so far?
And how about those credit cards? Wouldn’t it be great if you could give your daughter you credit card to go shopping knowing she won’t spend more than 7.50 since that’s the cards limit?
Deflation is also environmentally friendly. If I were to walk on the street I can easily collect 10 pennies just from scanning the road. People lost touch with the value of the penny. That innocent copper coin is viewed today as a nuisance rather than valuable currency. People don’t even bother picking up pennies when they drop them. Meanwhile, we keep cranking away making more pennies, and wasting precious copper. With deflation, people will pick up pennies when they drop them, hell, they’ll even look for pennies on the road. Deflation will help us bring back the good ol’ days where a penny made a difference. Saving natural resources is environmentally friendly, deflation is environmentally friendly.