“But we need inflation or else the economy dies!!”
Assume everyone’s income and savings keeps pace with inflation. Then there’s no reason to have inflation… It only works if on average it takes purchasing power away from the majority of people.
“But we need inflation or else the economy dies!!”
Assume everyone’s income and savings keeps pace with inflation. Then there’s no reason to have inflation… It only works if on average it takes purchasing power away from the majority of people.
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