Nostr

“But inflation isn’t all bad. In a healthy economy, annual inflation is typically in the range of two percentage points, which is what economists consider a sign of pricing stability. When inflation is in this range, it can have positive effects: it can stimulate spending and thus spur demand and productivity when the economy is slowing down and needs a boost.”

https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-inflation

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Discussion

The Beave 1y ago

👀

Idiots.

₿logging₿itcoin 1y ago

War is peace.

Slavery is freedom.

Less spending power is good for you.

Luffy 1y ago

But a 2% loss in purchasing power still exists at 2% inflation rate.

Ideally with a hard money we can increase spending each year and have more purchasing power via technology advances. Costs of production get lower each year in general as technology improves and makes things more efficient.