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InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)ST
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251
Joined
2 yr. ago

  • In other words, it’s similar to a tax in that the money you earn today, by the time you spend it, is worth less by design.

    Inflation does has have a positive feature of encouraging investment and spending, rather than hoarding under a mattress. The money is put back into the economy because every day it isn’t, it loses value. If money were getting more valuable over time (called “deflation”), you’re incentivized to treat it like an asset—not a currency—and hold onto it as long as you can (like Bitcoin), rather than reinvest or spend.

  • If you post a link to this, then I click that link, I am unable to reply directly, since I am on lemmy.world. I would need to first track down the equivalent post in my instance to reply. SSO solves this