Eli5: Why can’t prices stay the same/inflation be 0%?
In: Economics
The government, fed, etc who is composed of the wealthy ruling class have an interest in devaluing the currency. It helps keep the wealth disparity growing; it causes the rich & poor gap to always get bigger. It discourages saving. You as an average person can’t hoard money as it will devalue. The rich ruling class on the other hand, dont have their money in cash. The rich invest in real assets, like companies, factories, realestate, mines, commodities, farms. These things just go up in value with inflation; so the rich controlling the prices & means of production are completely exempt & untouched from inflation. Inflation is great for the personal economies of the ruling class, & terrible for everyone else. It’s like movie “In Time”.
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