Comment on Life_IRL
random_character_a@lemmy.world 1 week agoBase inflation is generated, because money gets printed without connection to any real resource and because banks can loan money they don’t have, so they are generating income from nothing.
Entities in the beginning of the monetary flow i.e. banks are not affected, but entities in the end of the money flowi i.e. consumers are constantly loosing value of their savings.