If the ideal inflation rate is around 2%, won’t money eventually become worthless?
In: Economics
Money itself is already worthless to a degree, especially in the digital age where a vast majority of transactions are literally just numbers. You pay for something, numbers in a machine go up or down, but nothing happens. You’re basically paying with the gesture of tapping your card.
Our system of currency outside of literally trading goods and materials, is worthless, we just have agreed upon structure that assigns worth.
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