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Old 05-16-2022, 10:25 PM   #78 (permalink)
MadMadamMalfoy
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Hogwarts RPG Name:
Norman A. Carton
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Sydney M. L. Masters
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Desiree couldn’t help but smile at the response Summer’s answer got. Granted, she didn't understand all of what Holden was saying, but she was happy for her friend getting the answer right. She turned to Summer with a smile and mouthed, good job! If only her own answer had been closer to the mark! Ohhh, price caps… She didn’t know about those, but she didn’t think they worked very well, judging by the number of people who needed food when she volunteered at the pantry with her dad.

Wait, what? The Holden knuts were worth less now?! That was a mean trick, and just when she was finally starting to catch up too! Stupid inflation! Her worries of being the only one without enough Holden knuts for a prize returned with a vengeance as she heard the directions for the next activity. Although she usually liked group work, the thought of voicing her thoughts on inflation scared her. First of all, she was totally lost! She listened to the discussions going on around her, hoping something would give her an idea, but that just made her even more scared. Everybody else sounded so much smarter than her! They’d probably think her ideas were dumb and laugh at her. Then she’d probably cry in front of everyone, and that would be even more embarrassing!

Yeah, no. She didn’t want that to happen! But she also didn’t want to be without a Holden knut for this activity, so she decided to write her thoughts down instead. Hopefully that would be worth something… half a knut? Was that a thing? Some was better than none anyway. Still totally confused, she considered the topic carefully. Maybe she’d have an easier time if she broke it down into smaller steps. Okay, so was inflation good or bad? That part was easy! It sounded like a bad thing to her! Higher prices meant lower purchasing power - wasn’t that what Holden said? - so that meant people would be less able to afford things they need like food and shelter if there were no price caps in place or if they didn’t do enough to keep things affordable.

The next part was a lot harder. Desiree had nooo idea how to combat inflation! She stared at the parchment in front of her, wiggling her pink quill back and forth as she tried to come up with something. Maybe looking at her notes from before would give her an idea. Hmm… So if price caps didn’t do enough, what else could be done? She thought for several minutes, her mind again going back to that day volunteering with her dad. Those with the means to afford the higher prices helping those without was one way to fight inflation, she supposed. What if the government operated like that food bank and set aside a stockpile of essential goods for people hardest hit by inflation? That may not drive the prices back down, but it would help people weather the storm. And what if the government raised minimum wages to better match the high prices? Would that help? She didn’t know! As she wrote those ideas down, another one occurred to her. Were price caps for housing a thing? If they weren’t, they should be!

Finally setting her quill down as she finished writing, she read over her work. Would any of those ideas work? Ugh, she had no idea! Why couldn’t she be smart like everyone else?!

SPOILER!!: Desiree’s notes

Is inflation good or bad?
It’s bad because higher prices mean lower purchasing power. That means people would be less able to afford essentials if prices caps are nonexistent or insufficient.

Ideas to combat inflation:
Have those with more help those with less
Government stockpile of essential goods for those hardest hit?
Raise minimum wages to match higher prices?
Price caps for rent/housing?

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