Melatonin@lemmy.dbzer0.com to Asklemmy@lemmy.ml · 2 years 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-square108fedilinkarrow-up1254arrow-down17
arrow-up1247arrow-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 · 2 years agomessage-square108fedilink
minus-squareintensely_human@lemm.eelinkfedilinkarrow-up3·2 years 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-down1·2 years 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.