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Joined 6 months ago
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Cake day: June 13th, 2024

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  • So they make inflation more, and people lose purchasing power in a savings account, and instead invest, which pumps up stock prices for the whales who knows when to cash out.

    That’s… not really how that works. I mean inflation is there to keep people from saving when they could be investing their money, but that’s not to make money for the whales. Money sitting in a bank account doing nothing is bad (economically speaking) even when the owner of the money isn’t rich. More money moving is better for everyone.