Re:US inflation means families are spending $709 more per mo...
by WalterBright on Sunday August 13, 2023 @04:50PM
(#37114312)
> Some inflation is seen as good by economists because it pushes money that would sit on the sidelines into "productive" uses.
The ever-popular Scrooge McDuck cash vault theory. Nobody has a cash vault. Any "cash" is stored in banks, which loan it out into the economy. People who borrow money save/spend it.
The ever-popular Scrooge McDuck cash vault theory. Nobody has a cash vault. Any "cash" is stored in banks, which loan it out into the economy. People who borrow money save/spend it.