Showerthoughts

28328 readers

1920 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.

Rules

All posts must be showerthoughts
The entire showerthought must be in the title
Posts must be original/unique
Be good to others - no bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia
Adhere to Lemmy's Code of Conduct

founded 1 year ago

MODERATORS

190

We keep measuring everything's value with something that continuously loses value over time (self.showerthoughts)

submitted 2 months ago by 3volver to c/showerthoughts

64 comments fedilink hide all child comments

It's becoming really annoying.

you are viewing a single comment's thread
view the rest of the comments

[–] graham1 5 points 2 months ago* (last edited 2 months ago) (1 children)

to prevent all money from ending up in a single party’s hands.

I beg to differ.

Example: suppose you own property, gold, a business, or something else with tangible value. When inflation causes cash to decrease in value, your assets are safe. They have intrinsic value.

Example: suppose you're living a lifestyle where you can't afford assets like that. Maybe even living paycheck to paycheck. You make the same money, and you can buy less with each paycheck. You can't start buying assets when money keeps getting tighter.

I think it's pretty simple to see inflation only hurts the have-nots, while others are protected by the value of their accumulated assets.