@return2ozma to Work Reform • 3 months agoJust a reminder...imagemessage-square91arrow-up11.48Karrow-down121
arrow-up11.46Karrow-down1imageJust a reminder...@return2ozma to Work Reform • 3 months agomessage-square91
minus-square@[email protected]linkfedilink-5•edit-23 months agoThis is the primary reason that inflation exists—so that business/corporations (the owner class) can steal more of your hard-earned money.
minus-squareObjectivityIncarnatelink12•3 months agoUh, no, the primary reason inflation exists is so that there is an economy, lol. If there was deflation, the ‘optimal’ thing to do with your extra cash would literally be to stuff it under a mattress. Too much inflation is obviously bad, but deflation is also really bad. A tiny amount of inflation is optimal long-term.
minus-square@[email protected]linkfedilink4•3 months agoI might need an ELIF on this, but why any type of -flation? Why not have a dollar today be equal in purchasing power to a dollar 40 years ago, or 40 years in the future?
minus-squareObjectivityIncarnatelink1•3 months agoShort answer is: to incentivize investment/entrepreneurship etc., which is good for the economy as a whole.
This is the primary reason that inflation exists—so that business/corporations (the owner class) can steal more of your hard-earned money.
Uh, no, the primary reason inflation exists is so that there is an economy, lol.
If there was deflation, the ‘optimal’ thing to do with your extra cash would literally be to stuff it under a mattress.
Too much inflation is obviously bad, but deflation is also really bad. A tiny amount of inflation is optimal long-term.
I might need an ELIF on this, but why any type of -flation? Why not have a dollar today be equal in purchasing power to a dollar 40 years ago, or 40 years in the future?
Short answer is: to incentivize investment/entrepreneurship etc., which is good for the economy as a whole.