Re:I watched a friend of mine pump a shitcoin on Binance by ...
by ChrisLomont on Tuesday July 12, 2022 @03:27PM
(#32074578)
>Do you concede that inflation robs people of purchasing power? That's the most important point from that.
And then people get cost of living raises - that's why almost all income groups have seen wage growth in inflation adjusted dollars since, well, 100+ years.
Here's what happens when central banking didn't target low inflation [1]. Read through it for a better understanding of why the current system is better than any that preceded it.
And then people get cost of living raises - that's why almost all income groups have seen wage growth in inflation adjusted dollars since, well, 100+ years.
Here's what happens when central banking didn't target low inflation [1]. Read through it for a better understanding of why the current system is better than any that preceded it.
[1] https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...