It is when it gets spent - duh!

This endless money-spinning & the larger monetary system is a big scam to steal from actual productive work. How is it fair to normal people that the whole system is rigged such that if they DON'T indulge in all this gambling (ignore the fact that most retail traders are on the sucker-end of the trade), they lose whatever wealth they've stored to inflation ?

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dpoloncsak an hour ago | parent [-]

Maybe I've drank the kool-aid, but I don't understand inflation to be an effect of a 'rigged system'. I think anyway you look at it, it's natural

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lupire an hour ago | parent [-]

Money is an IOU. It's not a secret that US central bank policy is to devalue those IOUs at a rate of 2% per year in order to artificially stimulate demand for production.

	▲	b112 23 minutes ago \| parent [-]
		What an incredibly revisionist take on history. For decades before that policy, a policy even the Bank of Canada holds, inflation was crazy high. The 80s saw inflation, in Canada, briefly hit over 20%, and double digit inflation was a regular thing. Everyone decided 2% would be a good rate to aim for, that more control was better, to prevent inflation from flying out of control. Then some dude comes along and tries to spin it like it's a conspiracy to hurt people. Please, read a little history. Please.