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minus-squareFlexibleToastcakelinkfedilinkEnglisharrow-up7arrow-down1·14 hours agoNo, cash doesn’t. That’s the one benefit of inflation. It causes cash to lose its value over time. It encourages people to invest. But the wealthy don’t horde cash, they horde ownership and I’m sure that’s basically what you meant.
minus-squareryannathans@aussie.zonelinkfedilinkarrow-up1·13 hours agoThat’s what I said, bananas hoarded aren’t being invested
minus-squareFlexibleToastcakelinkfedilinkEnglisharrow-up2arrow-down1·13 hours ago cash stored in a bank or pretty much anywhere else increases in value You quite literally said cash being hoarded increases in value.
minus-squareryannathans@aussie.zonelinkfedilinkarrow-up2arrow-down1·13 hours agoI literally said cash stored in a bank or pretty much anywhere else increases in value Do you store your cash in a jar under your bed? That’s pretty much the only place it doesn’t accrue interest
No, cash doesn’t. That’s the one benefit of inflation. It causes cash to lose its value over time. It encourages people to invest. But the wealthy don’t horde cash, they horde ownership and I’m sure that’s basically what you meant.
That’s what I said, bananas hoarded aren’t being invested
You quite literally said cash being hoarded increases in value.
I literally said cash stored in a bank or pretty much anywhere else increases in value
Do you store your cash in a jar under your bed? That’s pretty much the only place it doesn’t accrue interest