Re:Paper Money with an Expiration Date
by dnautics on Tuesday August 11, 2020 @02:56PM
(#24124357)
They probably won't notice, since that's what happens now. Not even smart people with econ phds notice.
But whether or not anyone notices, the math is simple: it will be very bad for lower income levels. If you have 1% depreciation over a year, and you are spending 90% of your money on day to day expenses, the relative loss in margin of survival is far worse than if you are spending 20% on day to day expenses.
But whether or not anyone notices, the math is simple: it will be very bad for lower income levels. If you have 1% depreciation over a year, and you are spending 90% of your money on day to day expenses, the relative loss in margin of survival is far worse than if you are spending 20% on day to day expenses.