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> it is no good for the supply of money to stay fixed while the amount of goods and services expands. Yeah, you sure wouldn't want the purchasing power of your
by white_devil 14y ago
> it is no good for the supply of money to stay fixed while the amount of goods and services expands.
Yeah, you sure wouldn't want the purchasing power of your money to increase, would you now?
- uvdiv 14y agoThe purchasing power of my debts? No, not really.
- white_devil 14y agoIt's not like you can count on inflation to eat away your debts when considering whether to take them on in the first place.
- rayiner 14y agoGreat if you're a retiree, not so great if you're a young person just starting out having to deal with continually falling salaries and the old people owning everything worth owning in the society.