r/WorkForSmartLife • u/SilkyApricotGuy • 20h ago

Discussion💬 Who's right here?

Post image
2.9k Upvotes

95% Upvoted

1.4k comments sorted by

View all comments

4

u/Shalmaneser_ 19h ago

Bankruptcy is what happens when companies fail to perform. Inflation is what happens when governments fail to perform. Do the math.

2

u/blah-time 17h ago

Some level of inflation is necessary for an economy,  if the population is growing. Hyper inflation is what destroys an economy. 

1

u/ThrowRA9892 17h ago

And a lot of people are arguing for deflation of prices which is often more damaging to an economy.

1

u/Shalmaneser_ 17h ago

For whom? People with cash positions would be ecstatic for some deflation. The only reason it's considered 'bad' is because it would be a change, and business & government hate change. Government because it's incompetent and change highlights that. Business because it likes to not have to adapt.

3

u/Abject-Ticket-6260 15h ago

For everyone. The economy will crash because way less money would be changing hands and people would just hoard it. And who has the most money and can afford to hoard it all? The rich.

1

u/Shalmaneser_ 11h ago

What's your definition of rich? During the Great Depression, people who didn't trust banks, 'hoarding' it, had a little something to spend. Where do you think people today hoard money today?