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-square42fedilinkarrow-up14arrow-down10
arrow-up14arrow-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-square42fedilink
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.
minus-squareGod@sh.itjust.workslinkfedilinkarrow-up0arrow-down1·1 year agoyup, that’s exactly how it is, idk why ppl downvote me but upvote you, it’s saying the same thing lol, crypto bad i guess.
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.
yup, that’s exactly how it is, idk why ppl downvote me but upvote you, it’s saying the same thing lol, crypto bad i guess.