Re:Why inflation is not a threat
by pnutjam on Sunday March 14, 2021 @11:59AM
(#26456384)
"Making everyone a millionaire" is so easy to refute. It's a nonsense talking point masquerading as an argument. It's a waste of time to consider it, but here we go.
There is value in being able to predict the cost of things, a wild swing in costs and monetary policy probably won't damage the system, but it will make assets difficult to value and our system needs to do that.
Re:Why inflation is not a threat
by water8 on Sunday March 14, 2021 @12:06PM
(#26456422)
The whole reason the stock market is a thing is because the cost of things is unpredictable. But next time your advice for fortune-telling will surely be better received with less arrogance.
There is value in being able to predict the cost of things, a wild swing in costs and monetary policy probably won't damage the system, but it will make assets difficult to value and our system needs to do that.
Done