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> Having to work consistently is the norm, not a treadmill. Agreed. Work is what creates value for others. However, trading one's work for money that's designe
by jkepler 6y ago
> Having to work consistently is the norm, not a treadmill.
Agreed. Work is what creates value for others. However, trading one's work for money that's designed to loose value over time via the inflation tax central banks impose on us all is why so many hard working people feel they're on a treadmill that they can't get off. If our money functioned correctly as a tool to store value over time, people could work, save, and with frugal living could actually get ahead if their work consistently created value for their clients or customers. There are systemic monetary reasons why work often resembles a treadmill.
- jrochkind1 6y agoOnly 20% of people in the USA have more than 10K in the bank. Savings losing money over time isn't relevant to most people, they are spending what they earn before it matters. (and, btw, my point is not that people in the USA are spendthrifts. It's that most only make enough to support themselves).
- cortesoft 6y agoInflation has been so tiny for decades. And in fact, most Americans are in debt, so inflation HELPS them.
- emodendroket 6y agoDeflationary currency would be a disaster for the economy.