• poVoq@slrpnk.net
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    1 year ago

    Central banks have a target inflation of about 2% and actively try to prevent deflation (much more so than inflation). In general moderate inflation is a good thing as it puts some pressure on keeping the money in circulation instead of hording it.

    • 𝕾𝖕𝖎𝖈𝖞 𝕿𝖚𝖓𝖆@lemmy.world
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      1 year ago

      The dollar got about 25% stronger…during the Great Depression. $100 in September 1929 had the same buying power as $79 in September 1935. Systems built on the concept of infinite growth do not like to shrink.

    • CallumWells
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      1 year ago

      Just thought you’d want to know that you probably meant “hoard” as in “accumulate (money or valued objects) and hide or store away” instead of horde, which is a crowd or equivalent.