Comment on Spooooookyyyyy Scaaaaaaaarrryyyy

• boonhet@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

  Mate, I’ve probably read mire books than you, but that doesn’t change the simple fact that if you’re rich and the economy is inflating, your money loses its value when stored as literal cash with no yields, whereas if there’s no inflation, it’s safe to keep it as cash and it’ll never lose value. Conversely, the working class usually is not sitting on a ton of cash that would lose value over time… And often have loans which become less impactful with inflation since salaries rise, but the loan principal does not. If your salary goes up 2x over 15 years but your mortgage stays the same, that means your life gets easier over time.

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  • Amnesigenic@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

    In reality there are options other than “cash no yield” and “circulating in a way that helps anyone else”, and reality is something that basic economics famously does not account for at all. Keep reading.

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    • boonhet@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

      I mean if you can’t even grasp basic economics then how are you going to understand actual reality?

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      • Amnesigenic@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

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