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bluecalmtoday at 8:40 AM0 repliesview on HN

>>But the true scam is the complete debasement of the US dollar and people will slowly realize why the dollar will always be worth less than it was 40 years ago as it continues to be printed to zero and number go up with stocks and crypto.

Any workable currency needs inflation. If you don't have inflation then holding currency is a free call option on the future - it's always more profitable to hold it instead of real assets as holding real assets is risky (not only that those assets lose value but that other assets gain more value).

As nothing is free in nature someone else is paying for your free call option. Things are even worse with deflationary currency. This is what Bitcoin maximalist imagine: a few kings that hold it and everyone else working for them.

If anything 2% inflation target is too low to offset that cost. I think it should be considerably higher. As it is protecting the call option of currency holders is often more important for central banks than economic development.