4 ms·
> without inflation, far fewer people would "win". Wouldn't it also be: without inflation, the people not playing wouldn't "lose"?
by MerelyMortal 5y ago
> without inflation, far fewer people would "win".
Wouldn't it also be: without inflation, the people not playing wouldn't "lose"?
- ziml77 5y agoWithout inflation, people would naturally hoard their money for safekeeping. But money that isn't changing hands effectively doesn't exist. An economy is made up of the movement of money, so inflation is used to ensure that people keep the money moving.