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It's not. Price-inflation means our purchasing power decreases. We're all better off if we get moar stuff for our money instead of less, but governments would
by honeybooboo123 12y ago
It's not.
Price-inflation means our purchasing power decreases. We're all better off if we get moar stuff for our money instead of less, but governments would like us to believe the opposite.
We ordinary people clearly don't benefit from inflation, but who does? -Might it be the same people who are telling us inflation is good?
- hnnewguy 12y ago>We ordinary people clearly don't benefit from inflation, but who does? How are us ordinary people benefiting when our wages fall and our debts become more onerous, both products of a deflation?
- honeybooboo123 12y agoBy getting more stuff for our money, as I said? Even if wages do fall, as long as your purchasing power increases more than your wage drops, you're just fine. People take on massive loans exactly because prices have been inflated. That certainly doesn't mean deflation is bad. Even if you're paying off a loan, price deflation is not a problem because though the loan is becoming more "onerous", you'll have more money left over for paying the loan after you've bought everything else you need.