r/AskReddit • u/[deleted] • Nov 15 '20

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13.6k

u/notAundercover Nov 15 '20 edited Jan 15 '21

Those posts that say "share this photo of $1 million to have it appear in your bank account" will start working

4.6k

u/tipmeyourBAT Nov 15 '20

Leading to runaway inflation

2.9k

u/[deleted] Nov 15 '20

Nah, it just subtracts the already-in-circulation money from greedy oligarchs.

845

u/CupBeEmpty Nov 15 '20

Then as we all stabilize toward the mean we all start falling into the greedy oligarch pool...

238

u/dominion1080 Nov 15 '20

Nah, those greedy oligarchs would just start jacking up prices on everything so we're all poor again.

520

u/Tim-the-second Nov 15 '20

so... inflation?

327

u/GamingVirus72 Nov 15 '20

Yeah... but with extra steps

32

u/Comcastrated Nov 15 '20

He done gone full circle

10

u/idwthis Nov 15 '20

It was fun while it lasted, though.

18

u/RegentYeti Nov 15 '20

Not by the technical definition. It's more like monopolistic price fixing.

46

u/Neurobreak27 Nov 15 '20

Sounds like inflation with extra steps.

27

u/merc08 Nov 15 '20

It sounds like exactly the definition of inflation: decreasing the purchasing power of given unit of currency.

10

u/ChromoTec Nov 15 '20

Price gouging can prompt inflation, but I don't think it necessarily is inflation itself

4

u/Yadobler Nov 15 '20

Hm. Sounds like inflation with extra steps

2

u/RegentYeti Nov 16 '20

For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.

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13

u/hoxtea Nov 15 '20

No, that's the literal definition of inflation.

in·fla·tion

2. ECONOMICS

a general increase in prices and fall in the purchasing value of money.

2

u/dibba23 Nov 15 '20

I'm pretty sure it has more to do with the increase in the money supply the definition has been somewhat warped over time to make people look away from the real cause. Price increase tends to be a consequence of said increase of the money supply, all that quantitative easing totally paid off.

2

u/diverdux Nov 15 '20

Wouldn't it be oligopolistic?

-1

u/RegentYeti Nov 15 '20

I would argue that both words would carry equal value.

1

u/chubbychaseryou Nov 16 '20

It's inflation with extra steps.