Comments on Profile Post by Poryg

  1. Poryg
    Poryg
    Yet according to our prime minister we have never been better.
    Jul 2, 2019
    Wavelength likes this.
  2. Wavelength
    Wavelength
    Yeah. Government officials use GDP as a way to measure their economy's health, but GDP is complete garbage, mainly because it ignores inflation, inequality, and waste (income that doesn't become wealth). They use it partially because it's an easy number to measure and there's no perfect way to measure economic health...
    Jul 2, 2019
    Poryg likes this.
  3. Wavelength
    Wavelength
    ...but mostly they use it to make themselves look good. When you can only buy 30% of the potatoes that you used to be able to buy with your income, why NOT spin things around and say that people are 20% "richer"? :(
    Jul 2, 2019
    Poryg likes this.
  4. Wavelength
    Wavelength
    Also, remember that inflation is controlled directly through your government or reserve banks (who are generally working hand in hand with the government, despite nominal "independence"). Printing (or otherwise creating) money allows a government to spend money without raising taxes, but it causes the inflation you're illustrating.
    Jul 2, 2019
    Philosophus Vagus likes this.
  5. Poryg
    Poryg
    The inflation isn't the real problem. Mr. Babiš spends tax payers' money to buy votes. Last year we built the least amount of highways ever. Our agriculture is in ruins, rapeseeds production increases, because it's the only thing that receives state funds.
    Jul 2, 2019
  6. Poryg
    Poryg
    Small enterprises are destroyed due to the crazy amounts of bureaucracy that has only increased in last years. And Czech stuff is sold over to the foreign countries, mainly Germany (food), Russia (houses) and China (food and industry).
    Jul 2, 2019
  7. Wavelength
    Wavelength
    It's terrible that the money is being spent in such wasteful, corrupt places - but it sure sounds like inflation is the problem (or at least the symptom) from your description of food and housing prices!
    Jul 3, 2019
  8. Poryg
    Poryg
    It's not inflation. Prices of fruits and potatoes rise due to lower supply. Prices of accomodation rise due to shortage of houses. And that doesn't go down, because cities don't build houses. And cities don't build houses, because it takes at least 18 months before you can obtain the construction permit, because our bureaucracy system is obsolete and needs reform.
    Jul 3, 2019
  9. Wavelength
    Wavelength
    Rising prices caused by supply shortages IS a type of economic inflation (though I'll admit it's an uncommon type, compared to rising prices due to increased supply of currency). Either way, I feel horrible for you - that sounds like a terrible situation for everyone, caused solely by greed and unforced errors in your government.
    Jul 3, 2019
  10. Poryg
    Poryg
    That happens when a billionaire hungry for power gets to power. He began as the minister of finance, where he destroyed his opposition and in 4 years his wealth doubled. Now he's a prime minister and what he did first was swap influential people in police with his puppets due to conflict of interest trials.
    Jul 3, 2019