Inflation, is the simple answer. But what causes this? Why couldn’t society just keep on keeping on with prices? Examples, a $0.25 for a candy bar, $0.75 for a fast food burger, $30k for a home etc. It worked then, so why not now, why not just agree to lower the prices of everything?
In: Economics
If $ is worth more when you don’t spend it, experts say that will stagnate the economy, because people won’t spend money. Thus we have inflation.
There are several deflationary currencies available, like Bitcoin, but the jury is still out on them.
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