TryingToBeGood@reddthat.com to News@lemmy.worldEnglish · 1 month agoUS inflation rose to 3.8% in April, eroding Americans’ paycheckswww.cnn.comexternal-linkmessage-square7linkfedilinkarrow-up10arrow-down10file-text
arrow-up10arrow-down1external-linkUS inflation rose to 3.8% in April, eroding Americans’ paycheckswww.cnn.comTryingToBeGood@reddthat.com to News@lemmy.worldEnglish · 1 month agomessage-square7linkfedilinkfile-text
minus-squaregivesomefucks@lemmy.worldlinkfedilinkEnglisharrow-up0·1 month agoReminder that inflation isn’t a natural thing It’s something intentional to discourage people from having savings accounts and make them feel like they need to invest to “beat inflation”. We could 100% have zero inflation, it just wouldn’t benefit the wealthy. Inflation is just a tax on trying to save money.
minus-squareNaibofTabr@infosec.publinkfedilinkEnglisharrow-up0·1 month agoPartially true. It’s also an attempt to run away from deflation, which destroys economies. Holding a stable position with no inflation or deflation is not really possible in the real world.
minus-squaregivesomefucks@lemmy.worldlinkfedilinkEnglisharrow-up0·1 month agoMoney buying more goods/services than it did 2 years ago is called “progress” and is literally the entire point of human civilization…
minus-squareBoomer Humor Doomergod@lemmy.worldlinkfedilinkEnglisharrow-up0·1 month agoExactly. Nobody is gonna say “I won’t buy food today because it will be cheaper tomorrow.” A man’s gotta eat.
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkEnglisharrow-up0arrow-down1·1 month agoit will change what you eat and how you eat and how frequently you do it.
Reminder that inflation isn’t a natural thing
It’s something intentional to discourage people from having savings accounts and make them feel like they need to invest to “beat inflation”.
We could 100% have zero inflation, it just wouldn’t benefit the wealthy.
Inflation is just a tax on trying to save money.
Partially true. It’s also an attempt to run away from deflation, which destroys economies. Holding a stable position with no inflation or deflation is not really possible in the real world.
Money buying more goods/services than it did 2 years ago is called “progress” and is literally the entire point of human civilization…
Exactly. Nobody is gonna say “I won’t buy food today because it will be cheaper tomorrow.” A man’s gotta eat.
it will change what you eat and how you eat and how frequently you do it.