this post was submitted on 19 Sep 2024
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Work Reform

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[–] damnedfurry@lemmy.world 1 points 2 years ago* (last edited 9 months ago)

Uh, no, the primary reason inflation exists is so that there is an economy, lol.

If there was deflation, the 'optimal' thing to do with your extra cash would literally be to stuff it under a mattress.

Too much inflation is obviously bad, but deflation is economy-destroying level bad. A tiny amount of inflation is optimal long-term.