[dosenbrot]

As European citizen I don't really trust the Euros or Dollars. Just think about the loss in value If you own money. Even if the official 2% inflation, its still 2% lost of value. And now with Corona they printing billions of Euros and the inlfation will stay at 2% ... sure.

[ohgodplsno]

The whole point of inflation is that your money is actually used to do things. Were those currencies to deflate, it would literally be more beneficial to not touch them. Ever. Investments would grind down to a halt, and why would you do groceries now when you could get more if you waited for next week ?

Even as a hardcore socialist, it's worrying that cryptobots have failed econ 101.

[effie]

GP shows more understanding than you do. Inflation means savings in cash decrease in time, that's why you don't keep big savings in cash or standard bank account but you invest. Besides stocks, maybe gold, maybe cryptocurrencies.

[jcbrand]

> why would you do groceries now when you could get more if you waited for next week ?

Because you're hungry and your fridge is empty?

Inflation creates artificial demand and drives consumerism, thereby arguably causing more resource usage/wastage than would otherwise be the case.

Depreciating money means that people's time horizon narrows and they're thinking more and more of the present at the expense of the future, causing all kinds of negative externalities.

Capitalism is actually supposed to make things cheaper, by virtue of competition spurring everyone on to be more efficient and economic with their inputs in order to provide cheaper and better products.

> Were those currencies to deflate, it would literally be more beneficial to not touch them.

This is such a silly, hyperbolic argument. People need to eat, they have other desires than just hoarding money, there will always be reasons to give out money and therefore there will always be reasons to provide goods and services for that money.