3volver@lemmy.world to Showerthoughts@lemmy.world · 2 years agoWe keep measuring everything's value with something that continuously loses value over timemessage-squaremessage-square66fedilinkarrow-up1209arrow-down118file-text
arrow-up1191arrow-down1message-squareWe keep measuring everything's value with something that continuously loses value over time3volver@lemmy.world to Showerthoughts@lemmy.world · 2 years agomessage-square66fedilinkfile-text
minus-squareSwingingKoala@discuss.tchncs.delinkfedilinkarrow-up6arrow-down6·2 years ago I understand why it happens Why does it? I never understood why inflation was a good thing It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.
minus-squareBjörn@swg-empire.delinkfedilinkarrow-up3·2 years ago Why does it? It basically happens when people buy money. When you get 100,000 € but pay 120,000 € back you added 20,000 € to the overall system which makes everything become slightly more expensive to account for the additional money available.
minus-squareSwingingKoala@discuss.tchncs.delinkfedilinkarrow-up2arrow-down3·2 years ago It basically happens when people buy money So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!
Why does it?
It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.
It basically happens when people buy money. When you get 100,000 € but pay 120,000 € back you added 20,000 € to the overall system which makes everything become slightly more expensive to account for the additional money available.
So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!