Not strictly. If more money is saved, that does reduce economic activity, but then it’s the governments responsibility to create more money. It makes no sense to blame the actions of individuals for systemic failure, especially when there is an entire class of people whose job it is to keep the system running.
But yeah inflation itself is not a bad thing if that’s what you’re saying.
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Yeah heaven forbid we have more than a month in savings for an emergency, or the ability to endure a strike.
Punch up. The rich aren’t parking their wealth in currency.
Not strictly. If more money is saved, that does reduce economic activity, but then it’s the governments responsibility to create more money. It makes no sense to blame the actions of individuals for systemic failure, especially when there is an entire class of people whose job it is to keep the system running.
But yeah inflation itself is not a bad thing if that’s what you’re saying.