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A friend of mine once opined that inflation is functionally the government's ability to tax savings accounts---waking up one day and finding out your money is w
by fixermark 11y ago
A friend of mine once opined that inflation is functionally the government's ability to tax savings accounts---waking up one day and finding out your money is worth 10% less because of government policy is pretty equivalent to waking up one day and finding out the government just took 10% of your savings account.
But you demonstrably don't escape price fluctuation by moving to a non-fiat currency; you just move the causes around.