Comment on Uber Eats or something idk
NaibofTabr@infosec.pub 2 days agoDeflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.
Inflation makes goods aka stocks increase value, which makes rich fucks that live on loans be able to then ask another loan for a bigger amount to pay off the loan from before just because their assets passively rose in value.
It’s the scam by which the ultra rich live by doing absolutely nothing while the rest of us that are saving for a house or whatever see our savings year by year diminished.
Yeah fuck that.
The issue is that they even get loans when they have no real collateral to give.
Most people also have savings or a pension fund which is indirectly put into the stock market, that’s how you get interest etc.
Am explanation repeating the same wrong ideas isn’t a proof
How are you measuring the concentration of economic power - Gini coefficient?
ThrowawayPermanente@sh.itjust.works 2 days ago
If deflation was persistent, couldn’t debt have a very low or even negative interest rate?
explodicle@sh.itjust.works 2 days ago
Who would lend at a negative rate besides friends and family? Here’s a bar of gold, please give me back half a bar of gold in a year.
ThrowawayPermanente@sh.itjust.works 2 days ago
Yeah I don’t really understand that part either, but it has happened