Every year people are worried if economy only grew let’s say 2%. If we already have things good, why does it still need to grow and it’s a bad thing if it stays the same?
In: Economics
If the economy doesn’t grow, then nobody gets raises. Not the McD’s worker. Not the construction worker. Not the office worker. The only way people get raises over time, is if the supply of money gets larger. Revenue increases. Profits increase. Then employees get rewarded.
In order for that all to happen, we have to have inflation.
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