Comment on Is there a theoretical limit to profit?

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givesomefucks@lemmy.world ⁨4⁩ ⁨days⁩ ago

That’s not the point of inflation.

Our economy needs inflation to discourage saving and incentive investing.

If there was no inflation and 3% interest on savings, that’s all people would do.

So they make inflation more, and people lose purchasing power in a savings account, and instead invest, which pumps up stock prices for the whales who knows when to cash out.

On a smaller level it once tives people to spend as soon as they get it, because next year a $100 is worth less, so they spend while it’s worth more.

It’s a house of cards and when the wealthy owns the government there’s no one to hit the brakes on profits before the economy crashes and burns.

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