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Just a reminder... (lemmy.world)
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[-] SuperCub@sh.itjust.works -5 points 10 months ago* (last edited 10 months ago)

This is the primary reason that inflation exists—so that business/corporations (the owner class) can steal more of your hard-earned money.

[-] damnedfurry@lemmy.world 12 points 10 months ago

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.

[-] BallsandBayonets@lemmings.world 4 points 10 months ago

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?

[-] damnedfurry@lemmy.world 1 points 10 months ago

Short answer is: to incentivize investment/entrepreneurship etc., which is good for the economy as a whole.

this post was submitted on 19 Sep 2024
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