this post was submitted on 07 Feb 2024
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The conquest of bread (media.kbin.social)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 9 months 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.

[–] [email protected] 10 points 9 months ago (1 children)

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

[–] [email protected] 0 points 9 months 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.