[empty] on Nostr: for an umm actually, lower wages ideally equals lower service rates, therefore ...
for an umm actually, lower wages ideally equals lower service rates, therefore inflation is kept in check.
that is why rising interest rates is used to counter inflation, if it becomes difficult for people to purchase anything, and people lose their jobs, then inflation would slow down.
Published at
2023-12-14 19:35:09Event JSON
{
"id": "101c6b59934ef55862451d4e117b51995a32a1fbb46a5e403c89582405542f6a",
"pubkey": "eb91b1f096933bc8c5c0700d3759395fbbb621b766da0b1139b4a99582a65d07",
"created_at": 1702582509,
"kind": 1,
"tags": [
[
"p",
"dc369036ad76c7fe51b381ace9569e7add87c03dc74d9ab73b7e3299c18fe1c2",
"wss://relay.mostr.pub"
],
[
"e",
"00053a79f8a944b4dd0395f4dc7c19c4087dd9cb33cd0f3d9c58f92953e8d929",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://poa.st/objects/cc870c6c-3b50-49ec-a683-dee704b71a22",
"activitypub"
]
],
"content": "for an umm actually, lower wages ideally equals lower service rates, therefore inflation is kept in check.\n\nthat is why rising interest rates is used to counter inflation, if it becomes difficult for people to purchase anything, and people lose their jobs, then inflation would slow down.",
"sig": "1b436b13488f3ec5f22e2da4149624cf13b1aa10f5340014eba61d9e6f6d24899ab017a16e5946a755add0f101c9dc7b0addfdfd012e1b8c019b9ff1b7256ee5"
}
