😊 Some say inflation can be beneficial for an economy.
🤬 WHAT?!
🥸 It may encourage investment because it creates a sense of urgency to invest money rather than holding onto cash, which loses its value over time. It can also lead to increased wages, as workers demand higher salaries to keep up with the rising cost of living. It can reduce the debt burden by decreasing the debt’s real value over time. And it can also stimulate economic activity by encouraging consumption and investment.
🥓 Bacon from heaven! But all of these reasons suck! 🤷♂️