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Inflation is a safety net. Inflation prevents populations from fearfully (or speculatively) hoarding money. When a population collectively decides to hoard mone
by stopping 5y ago
Inflation is a safety net. Inflation prevents populations from fearfully (or speculatively) hoarding money. When a population collectively decides to hoard money, demand for goods and services tanks, jobs are cut in response, and so on in a vicious cycle until the entire economy grinds to a halt. Such a situation is extremely difficult to recover from without government monetary policy to stimulate demand.
- keymone 5y agothis is only valid for growth-above-all capitalist outlook. nothing is wrong with "hoarding" money, in non-biased language it's also called saving for retirement, yet your capitalist overlords created a view of reality where nothing good ever happens if their investments don't grow steadily. but for that to happen - money has to lose value steadily. don't be a slave to your capitalist overlords. you can save yourself by just rejecting their view, way easier than what slaves of the past had to do.
- sweetbitter 5y agoFine then, there are inflationary cryptocurrencies for you to choose from as well.
- godDLL 5y agoShow, don't tell.