Comment on Spooooookyyyyy Scaaaaaaaarrryyyy
Amnesigenic@lemmy.ml 2 weeks agoInflation does absolutely nothing to prevent rich people from hoarding money or forcing it to actually circulate, you don’t have a clue what you’re talking about.
Comment on Spooooookyyyyy Scaaaaaaaarrryyyy
Amnesigenic@lemmy.ml 2 weeks agoInflation does absolutely nothing to prevent rich people from hoarding money or forcing it to actually circulate, you don’t have a clue what you’re talking about.
boonhet@sopuli.xyz 2 weeks ago
Regular inflation is this, but at a much slower pace. Still means if you’re rich, you HAVE to invest your money somewhere, or it loses all of its value over time. And all the investments that actually make a good amount of money over the long term involve lending your money to someone else to be able to do something productive so both parties can benefit.
If you’re not rich, you just get raises and things get cheaper over time in comparison to the national average salary which rises faster than inflation or at least at the same rate. People today can afford more things than people 20 years ago. Unless you live in the US or some other similar shithole country. If you do, it’s not inflation that’s keeping you down, it’s the absolute lack of any kind of respect for the working class. Yes, in that environment, inflation is bad for workers. That’s why you need unions and strong labour laws.
As long as there’s currency, you want inflation. You also want to not live in a country where workers don’t get raises that outpace inflation.
Amnesigenic@lemmy.ml 2 weeks ago
Anything’s possible when you make shit up
boonhet@sopuli.xyz 2 weeks ago
Ah okay, seems you haven’t ever been outside of the US and don’t know how actually functional economic models work.
Amnesigenic@lemmy.ml 2 weeks ago
There is nowhere on earth where your ideas about inflation are anything other than fucking moronic, log off and read a book