this post was submitted on 07 Feb 2024
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[–] MonkderZweite@feddit.ch 2 points 1 year ago (4 children)

So why is there always inflation? Maybe we're living off the future?

[–] Icalasari@kbin.social 11 points 1 year ago

Politicians and CEOs all have the inflation fetish. Simple

[–] AdmiralShat@programming.dev 10 points 1 year ago

The federal reserve giving money to banks to give out as loans is why inflation is skyrocketing

[–] Kiosade@lemmy.ca 4 points 1 year ago (1 children)

An inflation rate of around 2% is healthy. It forces people to invest in stuff. If there wasn’t inflation, people would just hide their cash under their mattress, no loans would be given to anyone, it would be bad.

[–] MonkderZweite@feddit.ch 9 points 1 year ago (1 children)

So because of infinite growth? But we know that's not sustainable.

[–] HandBreadedTools@lemmy.world 0 points 1 year ago

Infinite growth is fine when the thing growing isn't real, like money. Money is not a resource we find in reality, it's purely a human-made representation of value. It's only when it spreads to real resources does infinite growth become a problem.

[–] explodicle@local106.com -1 points 1 year ago (1 children)
[–] TheBat@lemmy.world 4 points 1 year ago (1 children)

No thanks. There are enough proer explanations without engaging in lolbertarian/goldbug conspiracies.

[–] explodicle@local106.com -1 points 1 year ago (1 children)

The Nixon Shock isn't a conspiracy

[–] TheBat@lemmy.world 2 points 1 year ago (1 children)

No, but that website is still idiotic. Nixon shock isn't the sole reason either.

[–] explodicle@local106.com 0 points 1 year ago (1 children)
[–] TheBat@lemmy.world 1 points 1 year ago (1 children)
[–] explodicle@local106.com -1 points 1 year ago

isn't the sole reason