So stealing someone’s life savings over their lifetime is just dandy? Thievery is okay by you?
Furthermore, deflationary depressions are NONSENSE! Each of your wild swings (which were no more than 5%, not 20%) were caused by INFLATION of the supply of gold or silver. Check your assumptions: just because you were tested on it in Econ class doesn’t mean it’s true.
It's not thievery, it's simply the way our money works. Who doesn't understand that the dollar inflates every year? Everybody knows this concept whether they've had economics or not. If you're hoarding cash in your mattress, instead of drawing interest, you are either okay with losing value or you're an idiot.
"Furthermore, deflationary depressions are NONSENSE! Each of your wild swings (which were no more than 5%, not 20%) were caused by INFLATION of the supply of gold or silver. Check your assumptions: just because you were tested on it in Econ class doesn’t mean it’s true."
Year, Change in CPI
1802 -14.3%
1807 -6.4%
1808 9.1%
1811 11.%
...
1863 23.3%
1864 27.0%
...
I'm did not list every year that was over 5%. Just enough to show you that it's your facts that are wrong.
Source: CPI 1800-Current - Minneapolis Federal Reserve Bank
It's not thievery, it's simply the way our money works. Who doesn't understand that the dollar inflates every year? Everybody knows this concept whether they've had economics or not. If you're hoarding cash in your mattress, instead of drawing interest, you are either okay with losing value or you're an idiot.
"Furthermore, deflationary depressions are NONSENSE! Each of your wild swings (which were no more than 5%, not 20%) were caused by INFLATION of the supply of gold or silver. Check your assumptions: just because you were tested on it in Econ class doesn’t mean it’s true."
Year, Change in CPI
1802 -14.3%
1807 -6.4%
1808 9.1%
1811 11.%
...
1863 23.3%
1864 27.0%
...
I'm did not list every year that was over 5%. Just enough to show you that it's your facts that are wrong.
Source: CPI 1800-Current - Minneapolis Federal Reserve Bank