this post was submitted on 29 Apr 2024
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Showerthoughts

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We keep measuring everything's value with something that continuously loses value over time (lemmy.world)
submitted 7 months ago by [email protected] to c/[email protected]
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It's becoming really annoying.

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[–] [email protected] 1 points 7 months ago (1 children)

Isn't price fixing different from 0 inflation though?

[–] [email protected] 2 points 7 months ago

Isn’t price fixing different from 0 inflation though?

I suppose looking through some very narrow lenses perhaps, but practically speaking I don't think they're different in their effect on consumer behavior. Inflation occurs when sellers control their prices. Price fixing technically doesn't allow inflation. I say technically because nearly all systems where strict monetary policy occurs, economics is still active and buyers and sellers resort to black markets or the barter system. So in those places inflation can still run rampant even if official prices are fixed.

Do you have a different take?