alt Hacker NewsContrary to what crypto currency enthusiasts believe, having inflation (most of the time) is the only feasible and sane way for an economy.
Why ever do anything at all with your money, ever, otherwise? Except for basic needs.
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Yes, but simple inflation isn't the problem. In a stable economy, we spend money as we received it, and take on loans for large purchases. In fact the economy was that way before. Now, things are too unsteady for that.
Saving is not 'not doing anything at all with your money.' Saving is lending your money to a generally low risk debtor, called bank.
> Why ever do anything at all with your money, ever, otherwise? Except for basic needs.
Why indeed? If people are only buying stuff because they are afraid of their money being worth less in the future then those are things people don't even want, let alone need. Why is it a good thing for us to endlessly churn out stuff people don't even want?
Yeah, you would have to focus on buying things you actually need. Be able to save for and look forward towards a stable future. Don't get a new pocket computer every year because the software is not updated anymore. Use fewer subscription services? Maybe do away with the disposable vapes with lithium ion batteries in them.