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The buying power of $1 USD has diminished massively over time and continues to do so. Every year the money in your wallet is worth at least 1.8% less. Over your
by Proziam 7y ago
The buying power of $1 USD has diminished massively over time and continues to do so. Every year the money in your wallet is worth at least 1.8% less. Over your lifetime that becomes a substantial loss in buying power.
- luckydata 7y ago1.8% is significantly below the targets those policies are pursuing. So printing money doesn't seem to be producing any (desired) increased inflation.
- basementcat 7y agoThat is an example of monetary policy working exactly as intended. If the buying power of $1 USD didn’t diminish, there would be an incentive for people to hoard their wealth instead of investing and spending their wealth to build the economy.