prices always go up over time in a healthy economy
LOL that sounds like a massively over simplified statement. would you care to elaborate?
prices go up, period–that’s true, but calling an economy “healthy” because of that is like saying “healthy people eat food”
i think the average american has very little understanding of what money actually is and why inflation is even a thing, rather, they just take it as a fact of life. like school shootings. like “yea, it’s not fun, but there’s nothing we can do” LOL
According to Piketty, anyway, general inflation did not actually start until the industrial revolution. The price level was otherwise stable throughout history up to that point. It’s not just an incontrovertible fact of life, although it seems that way now.
LOL that sounds like a massively over simplified statement. would you care to elaborate?
prices go up, period–that’s true, but calling an economy “healthy” because of that is like saying “healthy people eat food”
i think the average american has very little understanding of what money actually is and why inflation is even a thing, rather, they just take it as a fact of life. like school shootings. like “yea, it’s not fun, but there’s nothing we can do” LOL
According to Piketty, anyway, general inflation did not actually start until the industrial revolution. The price level was otherwise stable throughout history up to that point. It’s not just an incontrovertible fact of life, although it seems that way now.