Yes. I know very well that this is the justification (and a justification can be invented for anything). Now it is your turn to explain to me how does this fact contradict my statement that the drawback of such paradigm is that it makes it useless as a store of value?

Hint: It doesn't - you just stated a completely separate fact as if it is logically incompatible with the original argument.

That's not a drawback, it's basically the whole point. Cash is designed to be a bad store of value in the long run because the government wants you to spend it or invest it. Cash is a good store of value in the short and medium run so that people accept it in return for goods and services but a bad one in the long run so that it doesn't make sense to hoard it.

> Now it is your turn to explain to me how does this fact contradict my statement that the drawback of such paradigm is that it makes it useless as a store of value?

Well, nobody contradicted that statement, as that is generally accepted. The contradicted statement is "The whole idea of today's currencies is for the financially illiterate people to get robbed of their savings.", which as (i parse it) is a statement about purpose of such properties of today currencies, so it is contradicted by a different statement about purpose of these properties: "The point of controlled inflation is to prevent the financially literate from hoarding cash as ..."

Cash is not a store of value, it's a mechanism of exchange. It never has been a store of value.

It's supposed to be safe but if it has zero risk, then it has zero return.

Inflation is a bit like maintaining the pressure in the pipe of the flow of money.

Inflation also has the effect of discounting debt, which means it is good for borrowers, not lenders. Most people are borrowers, in terms of things like house mortgages and other debts. That's a good thing, but you also don't want wages to have to grow too fast with prices.

Also inflation isn’t linear. It is very possible for controlled inflation to be high one year and then low for the next two to make up for it. This idea that once we’ve inflated the dollar by a percent there’s no going back is false.

I rebutted against the idea that our economic policy is designed to rob the poor or financially illiterate. The exact opposite is true, inflation forces the rich to put their capital to work. Financially illiterate people don’t tend to have enough savings to lose out to inflation, so that point seems moot. The working class, however, overwhelmingly stores it’s capital in retirement accounts (56% of US workers own stocks or bonds[1]) so they aren’t losing their savings to inflation.

Your rhetoric is using lies to pull at peoples emotions, it’s the same thing all right-leaning libertarians spout. It has and will continue to be bullshit.

1. https://news.gallup.com/poll/266807/percentage-americans-own...