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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?
(lemmy.dbzer0.com)
this post was submitted on 22 Jul 2023
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Inflation happens when rich people find out you've got more money and rush to fuck you out of that too.
That's why any kind of tax break, stimulus or welfare is met with "but inflation!"
Experts in pseudoscience may claim "it encourages people not to horde wealth!" but it's just another lie that makes rich people richer when it fails to deliver for the 1000th time.