Hacker News new | ask | show | jobs
by ephbit 1829 days ago
It appears to me as though "magically" the wealthy always seem to manage to store their wealth in some form that isn't devalued by inflation (real-estate, ...) whereas the poorer people are, the fewer possibilities to do something similar they have (in the traditional money system). So systematically, inflation hits the poorer people more. Yes, a deflationary currency would maybe benefit the already wealthy more than the poorer, but somehow I don't need to hesitate which one (inflationary, deflationary) I'd rather choose.
1 comments

I completely agree, systematically, inflation his poorer people more. This is not a prerequisite for inflationary money systems in theory, but it is the state of Earth's inflationary money systems.

A deflationary currency does not maybe benefit the already wealthy, it directly imparts "real value" proportional to held currency. If you have ideas for a deflationary system that solves this, through wealth taxes or something, I am all ears.

> somehow I don't need to hesitate which one (inflationary, deflationary) I'd rather choose

Because relative to most people, you are wealthy! How are young people supposed to find work in a deflationary system?