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Just a reminder... (lemmy.world)
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[-] SuperCub@sh.itjust.works -5 points 2 months ago* (last edited 2 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 2 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 2 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 2 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
1459 points (98.6% liked)

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