447
How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?
(lemmy.dbzer0.com)
this post was submitted on 22 Jul 2023
447 points (96.7% liked)
Asklemmy
43816 readers
1193 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There isn't anything wrong with the mechanic of inflation as a means to encourage money to be reinvested into the economy.
You're right about cost of living not keeping up with wages. You're right about fucked up taxes on the ultra wealthy. You're right about a massive erosion of social services. you're right that the USA healthcare system is fucked up.
These are all issues that are distinct from the plan of maintaining a moderate (2%) inflation rate.
Yes, we SHOULD get living wages, unions and legislation should do that. The top tax bracket SHOULD be taxed at 70% that's tax policy. We SHOULD reinvest in social services that's government poicy. You SHOULD get universal healthcare, that's a government program. Inflation isn't the thing keeping you from any of these things.