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I think one of the biggest problems is inflation. We have an inflationary monetary system, so workers wages can fall way behind what it actually costs to live.
by crispytx 9y ago
I think one of the biggest problems is inflation. We have an inflationary monetary system, so workers wages can fall way behind what it actually costs to live.
- Gustomaximus 9y agoI've never understood why deflation is such a bad thing. Sure in larger levels the old arguments deferred consumption kicks in but as lower 1-2% levels this could be a good thing is we have some years of small increases with others offset by smaller decreases. I think govt chases low inflation so hard as it 1) business looks its growing more than it is and 2) helps them manage budgets better. Whereas for the majority a stable situation would be better.