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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases? (lemmy.dbzer0.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[-] [email protected] -1 points 1 year ago

There are many reasons for inflation, but the biggest in Capitalistic economy is the interest and that there is no Gold the money is tied to. Basically, they can print out as many dollars as they want. There is no Gold standard.

this post was submitted on 22 Jul 2023

453 points (96.7% liked)

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