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> Personally, I feel like we should all just accept that money is worth less today Maybe for your situation that’s fine, but it affects me and almost everyone
by yunohn 4y ago
> Personally, I feel like we should all just accept that money is worth less today
Maybe for your situation that’s fine, but it affects me and almost everyone else quite a bit. It’s hard earned money.
- blagie 4y agoIt effects everyone quite a bit. The problem is we lost many months of productivity. At the end of the day, there's less stuff to go around. You get less stuff. I get less stuff. Money is a point-keeping abstraction. Us simply being able to buy that much less stuff (by the lost production) is the best-case outcome. The worst-case outcome is that we continue to produce less stuff because of structural damage. For example, if you lose your job, can't get another one, and can't make your mortgage, that results in much more direct damage than a loss of savings. That, in turn, means you buy less stuff, and businesses who depend on you to consume go under, and more people lose their jobs. And so on.
- yunohn 4y agoYes, so society as a whole is right to be concerned about it, what caused it, what its effects are, and what could be changed. Why do you think everyone should “just move on” just because you’re comfy, despite it clearly being a Bad Thing?