Sorry but the beliefs you’re expressing are deeply neoliberal (and false).
First of all, NOTHING is natural about money.
If people are saving in cash, then more and more money is removed from circulation, which leads to economic downturn (see any example of deflation in history). This is among the reasons why most countries aim for 2% inflation target.
Also, investment is important actually (shocker). If you don’t want to invest in business or anything you can invest in government bonds. That’s right, the entity that creates the money in the first place also gives you a tool to save your money and mostly beat inflation.
“We could have 0% inflation if we wanted” - No we can’t? If a raw material becomes scarce and the price goes up, the products have to increase in price too. These prices don’t go back down on their own, thats unfortunately not how markets work. That’s literally what this whole post is about.
markets and money are entirely human creations. Nothing about them is natural. Stop worshipping them.
Sorry but the beliefs you’re expressing are deeply neoliberal (and false).
First of all, NOTHING is natural about money.
If people are saving in cash, then more and more money is removed from circulation, which leads to economic downturn (see any example of deflation in history). This is among the reasons why most countries aim for 2% inflation target.
Also, investment is important actually (shocker). If you don’t want to invest in business or anything you can invest in government bonds. That’s right, the entity that creates the money in the first place also gives you a tool to save your money and mostly beat inflation.
“We could have 0% inflation if we wanted” - No we can’t? If a raw material becomes scarce and the price goes up, the products have to increase in price too. These prices don’t go back down on their own, thats unfortunately not how markets work. That’s literally what this whole post is about.
markets and money are entirely human creations. Nothing about them is natural. Stop worshipping them.
If you’d have asked questions, you could have learned things…
Sure.