Comments by "Craxin01" (@Craxin01) on "ZERO inflation last month, lowest rate in TWO YEARS" video.
-
God, I hate economics! While I'm not blaming you for your explanation, I'm sure that's current economic theory, it's only describing a tiny fraction of the people involved, all at the top. People in the middle and at the bottom don't hoard their money this way. They can't, the economy isn't built that way. Only the wealthy offset purchases the way your describing. The way one should encourage people to "participate in the economy" (God, if that isn't a loaded phrase), you have stability so that people have confidence they aren't going to be raped by the market every damned day. When you're spending 3/4 of your income every month on transportation, rent, and food and can't do much of anything else, your participation in the economy is purely as a slave. We shouldn't have inflation, the basic goods we all need don't change that much. Prices can change due to shortages or gluts, but the overall value of the currency should remain static.
1