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Inflation isn't the devil, severe inflation is; predictable mild inflation is stimulative to an economy. The devil you should be paying more attention to is de
by gnaritas 13y ago
Inflation isn't the devil, severe inflation is; predictable mild inflation is stimulative to an economy. The devil you should be paying more attention to is deflation, even mild deflation makes the economy sluggish. People might like cheaper things, but they don't like lower wages and retailers certainly don't like lowering prices continually.
Your comment leads me to believe you confuse money with wealth. If inflation is stealing your savings, you're saving wrong. Cash is not for saving, it's for spending. Save assets, not cash.