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That's a pretty naive way to characterize the economic system, which is designed to include inflation in order to motivate participation in the economy. If you
by wayeq 3y ago
That's a pretty naive way to characterize the economic system, which is designed to include inflation in order to motivate participation in the economy. If you're hiding wads of cash in a suitcase under your bed, you either don't understand this or you've chosen to lock in reduced buying power year after year to avoid a greater loss due to a market collapse.
- nostromo 3y agoRich people don't hide wads of cash in their mattress and aren't hurt by inflation. Poor people do live paycheck to paycheck, and often their paychecks lag inflation. And that's why inflation usually hurts the poor first and foremost.