• MrMonkey@lemm.ee
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    1 year ago

    Inflation is a tax on hoarding money.

    It’s a tax on my savings and my retirement. My savings lose 2% a year, on purpose. This means I have to play in the investment game to so much as break even. I’d rather not have to play the stock market game and just save my money for retirement without it losing value.

    • AFK BRB Chocolate@lemmy.world
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      1 year ago

      I’d rather not have to play the stock market game and just save my money for retirement without it losing value

      Which is exactly what they mean by hoarding money. Everyone would prefer that, and if everyone did, all that money would be taken out of the economy. Instead we’re all motivated to invest in things, which keeps the economy growing and healthier for all of us.