this post was submitted on 02 Jun 2024
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Man it's so brutal when you think about it like that. Inflation is theft by the back door.
The feds job is to force people to stay productive. It's a feature, not a bug.
These gains from productivity have gone to the wealthy, and the costs of pollution have gone to the poor.
That's not how it works. When you invest into the stock market, it actually beats inflation in the long run. So inflation doesn't actually make me spend any more money than I would otherwise, since investing it would still later improve my buying power even more
You mean that investing in the stock market is a hedge against inflation? I can't argue with that. But not everyone has money to invest in the stock market after rent, bills, food etc. Unless your wages/benefits rise in line with inflation or you have money to spare, you basically only have the option of buying worse stuff or simply going without it.
If you don't have money to save, then inflation doesn't make you spend your money either, since you're basically spending it all anyway