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> Inflation is a necessary evil because paper is static and can't display real values. In some way (low) inflation is a feature and not bug: having money just
by throw0101b 3y ago
> Inflation is a necessary evil because paper is static and can't display real values.
In some way (low) inflation is a feature and not bug: having money just sit around unproductively Scrooge McDuck-style is a waste of resources. Having cash (slowly) lose its value incentivizes its investment into productive assets and help move the economy around.
Why does anyone expect / 'deserve' to earn returns on money that just sits around doing nothing?