[thou42o369098]

It is when it gets spent - duh!

This endless money-spinning & the larger monetary system is a big scam to steal from actual productive work. How is it fair to normal people that the whole system is rigged such that if they DON'T indulge in all this gambling (ignore the fact that most retail traders are on the sucker-end of the trade), they lose whatever wealth they've stored to inflation ?

[dpoloncsak]

Maybe I've drank the kool-aid, but I don't understand inflation to be an effect of a 'rigged system'. I think anyway you look at it, it's natural

[lupire]

Money is an IOU. It's not a secret that US central bank policy is to devalue those IOUs at a rate of 2% per year in order to artificially stimulate demand for production.

[gloryjulio]

We can have different opinion on how much inflation is too much. But the universal consensus is that a little bit of inflation is good. It's ok if you think 2% too high. Maybe 1.25% is better.

But we cannot just dispute this basic economic model and thinking that 0 or negative inflation (which would cause the stop of investment), or no consensus(that would just cause more chaos) is better. That's just absurd

[ericd]

The value of the USD wasn’t monotonically inflating away for most of its history, people were mostly fine? Were those periods disastrous in some way?

[b112]

You really, really need to investigate the history of inflation.

Really.

[ericd]

I have. Kind of a hobby interest of mine, actually.

https://www.statista.com/statistics/1032048/value-us-dollar-...

If you care to check my claim on it not monotonically decreasing in value. Look at 1776-WW1.

[b112]

What an incredibly revisionist take on history.

For decades before that policy, a policy even the Bank of Canada holds, inflation was crazy high. The 80s saw inflation, in Canada, briefly hit over 20%, and double digit inflation was a regular thing.

Everyone decided 2% would be a good rate to aim for, that more control was better, to prevent inflation from flying out of control.

Then some dude comes along and tries to spin it like it's a conspiracy to hurt people.

Please, read a little history. Please.