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| Inflation can create wealth. Spoken like a true slave.
Inflation is destruction of your life's work. If you are all good with that then that's fine.
You should not have to "beat" inflation. And no, zero inflation is not bad. It means you can earn wealth, keep it, and stop earning more wealth earlier in your life.
How many people are working past 65 or 75 to beat inflation. And then have someone tell them "it's good you are working another 10 years because that's means the people running things are doing it to help you".
Zero inflation means your earnings are yours. Your savings are yours. You can retire at 55 and not 75. Because you know your savings will not be stolen over the next 30 years.
But slaves like to work. And the more they work, the happier their life is.
And no, inflation does not create wealth. You buy a piece of land it is the same piece of land 40 years later as the day you bought it. Yet you say you got more wealth 40 years later? How? It's the same piece of land. Let me guess, the number of currency units involved changed, am I right? Yet 40 years later you need much more currency units to buy food, energy, or another house. So exactly how did your wealth increase. Now you get the piece of paper out and really start figuring out what your life's work was worth 40 years earlier and see if it held its value or increased while in storage for 40 years. Because looking at digits after that $$$ sign is not how you do it. It's how slaves do it however.
Define stable prices.
It is not an ever increasing number of currency units to buy the same item now as it was 40 years ago. That is not stable. It's actually the opposite. Especially when land goes down in currency units for 20 years just as much as it went up - like from 1983 to 2003. Zero inflation is far more desirable, ask the farmers who exited their livelihood during that period.
Edited by 69Cat 5/7/2023 10:04
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Inflation story on 60 minutes Australia
