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A comment on US Federal Reserve raises interest rates for first time since 2018. Parent comment

Re:US Federal Reserve raises interest rates for first time s... by landemva on Thursday March 17, 2022 @03:40AM (#30708574)
' deflationary currency ... leads to hoarding of assets '.

Someone owns every asset. By making it impractical to save using the fiat money, savings goes to non-fiat items like land, stocks, energy, and BTC. This harms the poor who are rarely able to escape into those non-money items.

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Re:US Federal Reserve raises interest rates for first time s... by birdyrooster on Thursday March 17, 2022 @04:02PM (#30715298)
Every fiat currency is different. Many poor in Argentina would argue that the USD, obviously inflationary, is a good store of value.
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