Capitalists don't believe in capitalism, they only care about profit. They would happily destroy capitalism if it was profitable. That is what is currently happening. Capitalists don't want competition, they prefer monopolies, which isn't capitalism.
Marx was right about capitalism. Capitalists will do whatever it takes to make profit, at the expense of everyone else.
Mainstream economists argue carbon taxes are good, and not inflationary, while at the same time saying tariffs are bad and inflationary. Both are pigouvian taxes, AKA sin taxes or consumption taxes, but they claim they are not the same. That's why mainstream economists are full of shit. They are ideological and biased.
Taxes are deflationary. Tariffs and consumption taxes increases prices, which lowers demand, which will bring prices down. The revenue generated by taxes reduces government deficits, which is also deflationary.
Any successful technology is deflationary. Doing more work with fewer employees leads to layoffs and lower prices.
#Nostr is the only apolitical social media network. It isn't controlled by wealthy elites, and it doesn't have an agenda. It is the social media network for regular people.
Money isn't even real. It is created out of thin air by banks and governments, and it can be destroyed just as easily.
When the government and its central bank encourages the expansion of bank credit, it not only causes price inflation, but it also causes increasing malinvestments, specifically unsound investments in capital goods and underproduction of consumer goods. Hence, the government-induced inflationary boom not only injures consumers by raising prices and the cost of living, but also distorts production, and creates unsound investments. The government is then faced repeatedly with two basic choices: either stop its monetary and bank credit inflation, which then will necessarily be followed by a recession which serves to liquidate the unsound investments and return to a genuinely free-market structure of investment and production; or continue inflating until a runaway inflation totally destroys the currency and brings about social and economic chaos.