Melatonin@lemmy.dbzer0.com to Asklemmy@lemmy.ml · 1 year agoHow 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.comimagemessage-square35fedilinkarrow-up13arrow-down10
arrow-up13arrow-down1imageHow 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.comMelatonin@lemmy.dbzer0.com to Asklemmy@lemmy.ml · 1 year agomessage-square35fedilink
minus-squareintensely_human@lemm.eelinkfedilinkarrow-up1·1 year agoThis is exactly how inflation is a tax on the poor: there are ways to counteract inflation, which only become available at a certain level of wealth. Basically disposable income is safe because you can convert it; and non-disposable income is not safe because you can’t convert it.
This is exactly how inflation is a tax on the poor: there are ways to counteract inflation, which only become available at a certain level of wealth.
Basically disposable income is safe because you can convert it; and non-disposable income is not safe because you can’t convert it.