22 ms·
You have to have economic growth since inflation exists. If you were making $100,000 a year a decade ago it is not worth anywhere that now. If you are not have
by ImJamal 2y ago
You have to have economic growth since inflation exists. If you were making $100,000 a year a decade ago it is not worth anywhere that now. If you are not have growth you are going to have issues unless inflation vanishes
- jacknews 2y agoWhere does inflation come from? It is in fact the deliberate increase in the money supply in order to match the growth in economic activity. The purpose is to keep prices from spiraling out of control (same money, more things to spend it on, prices would go up). Any discussion embedded in the current economic system is moot, IMHO. We need to radically change the system to meet our future needs. Growth (involving materials/energy, etc) cannot go on forever, it's a mathematical impossibility, but the current financial/economic system requires that it does.