3volver@lemmy.world to Showerthoughts@lemmy.world · 7 months 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 · 7 months agomessage-square66fedilinkfile-text
minus-squareSwingingKoala@discuss.tchncs.delinkfedilinkarrow-up6arrow-down6·7 months 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 Tantau@swg-empire.delinkfedilinkarrow-up3·7 months 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-down3·7 months 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!