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by Geee
1144 days ago
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Wealthy people don't own money, they own assets. And they're usually in debt. Inflationary currency massively benefits wealthy people. Inflation is a transfer of buying power from poor people to rich people. That's the function of inflation. That's exactly the mechanism by which it makes poor people work harder, and makes the economy "grow". Inflation makes people work harder, but it's not the right thing to do, and not good for the economy in the long term. Economy is not just the GDP; it's also happiness, freedom and mental health. All productivity increases in the economy should belong to the people who are working and saving their money. They made the decision to limit their consumption and wait for cheaper products. Inflationary currency is very unethical, and will result in total centralization of wealth when productivity keeps increasing. |
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