raudaviciusm on Nostr: I have mixed feelings about inflation. It does not seem necessarily bad, but at the ...

I have mixed feelings about inflation. It does not seem necessarily bad, but at the very least, it is unnecessary - it does not solve much.

If money creation is fairly distributed and productivity grows, inflation would not be harmful. But fiat inflation is never fair. It is a hidden wealth transfer.

If we produce more, what's wrong if money simply retain its value? 🤷‍♂️