minus-squarec10l@lemmy.worldtoWorld News@lemmy.world•China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report sayslinkfedilinkEnglisharrow-up11arrow-down1·7 days ago money is meant to change hands and should never become an asset worth holding. Forgive my admitted ignorance. If money should never become an asset worth holding, how can inflation be better than deflation for the working class? Proportionately, the rich hold a lot more money assets than the poor, who generally don’t hold any or very little. linkfedilink
Forgive my admitted ignorance. If money should never become an asset worth holding, how can inflation be better than deflation for the working class?
Proportionately, the rich hold a lot more money assets than the poor, who generally don’t hold any or very little.