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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases? (lemmy.dbzer0.com)

submitted 1 year ago by Melatonin@lemmy.dbzer0.com to c/asklemmy@lemmy.ml

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[-] taladar@sh.itjust.works 1 points 1 year ago

I don't feel crypto is a good example because it is used by so many people as more of an investment and most spending was never really feasible due to high transaction costs and slow transactions.

[-] ungoogleable@lemmy.ml 3 points 1 year ago

It's what happens when people treat money as an investment and don't spend it. Money that's useful as money would be a bad investment.

this post was submitted on 22 Jul 2023

446 points (96.7% liked)

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