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Are you trying to claim cryptocurrency will "solve" rising inflation, as if it is some kind of bad thing?
by SavantIdiot 6y ago
Are you trying to claim cryptocurrency will "solve" rising inflation, as if it is some kind of bad thing?
- rawtxapp 6y agoInflation is an implicit tax on the working class and savers. How is that not a bad thing? If you're rich, you can keep borrowing money at rock bottom rates to invest and get richer, if you're just an average person, everything around you is becoming more and more expensive, yet your compensation doesn't change.
- yuliyp 6y agoInflation is a tax on money (so yes, savers). It's not a tax on labor, nor is it a tax on productive assets. Normally speaking, compensation changes with inflation
- SavantIdiot 6y agoSimple: I'm not naive enough to make reductive arguments about trillion dollar economies.