Re:Why Coke Cost a Nickel for 70 Years (2012)
by Altay- on Monday June 29, 2015 @06:10AM
(#9797230)
That's the whole point of inflation. Remember, wages are 'sticky' in that workers don't like getting their pay cut. So economists invented a way to rob them while giving them nominal wage raises!
[ Parent
| on HN ]
Re:Why Coke Cost a Nickel for 70 Years (2012)
by angrybits on Monday June 29, 2015 @10:22AM
(#9798226)
I don't feel like you're deserving the downvotes you're getting. Printing money is indeed theft or taxes, depending on your bias, because it dilutes your cash savings.
Re:Why Coke Cost a Nickel for 70 Years (2012)
by peterfirefly on Monday June 29, 2015 @06:51AM
(#9797339)
Inflation makes adjustment to relative wages much easier (i.e., having some jobs decline in wages and others increase).
That is such a good thing that it (probably) outweighs the negatives. It does seem like it should be a low and relatively constant and predictable inflation, though.