It would be kinda funny if not so tragic how economists will argue both "[productive improvement] will make things cheaper" and then in the next breath "deflation is bad and must be avoided at all costs"

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actionfromafar 2 days ago | parent [-]

But is it really, though? Dollars aren't meant to be held.

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jordwest 2 days ago | parent [-]

I think the idea of dollars as purely a trading medium where absolute prices don't matter wouldn't be such an issue if wages weren't always the last thing to rise with inflation.

As it is now anyone with assets is only barely affected by inflation while those who earn a living from wages have their livelihood eroded over time covertly.

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actionfromafar 2 days ago | parent | next [-]

Exactly as the current owners… ahem, leaders of this country want it.

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samdoesnothing 2 days ago | parent | prev [-]

Barely affected? They benefit massively from it. That is why the rich get richer.

	▲	jordwest 2 days ago \| parent [-]
		True, in terms of share of the pie for sure