MrMakabar@slrpnk.netM to Degrowth@slrpnk.netEnglish · 4 months agoGen Z is embracing ‘underconsumptioncore' to fight climate change and inflationfortune.comexternal-linkmessage-square39fedilinkarrow-up1127arrow-down19
arrow-up1118arrow-down1external-linkGen Z is embracing ‘underconsumptioncore' to fight climate change and inflationfortune.comMrMakabar@slrpnk.netM to Degrowth@slrpnk.netEnglish · 4 months agomessage-square39fedilink
minus-squarelud@lemm.eelinkfedilinkarrow-up3·4 months agoInflation doesn’t exist to make the rich richer. The main reason for some a little inflation is so that people won’t hoard money and instead invest it in stuff which is good for the economy. If every rich asshole only sat on their money for eternity everyone would be worse off.
minus-squareDessertStorms@lemmy.blahaj.zonelinkfedilinkarrow-up6arrow-down1·4 months ago If every rich asshole only sat on their money for eternity everyone would be worse off. Have you had a look around recently?
minus-squarelud@lemm.eelinkfedilinkarrow-up1arrow-down1·4 months agoYeah, and as far as I can tell it’s mostly invested
Inflation doesn’t exist to make the rich richer.
The main reason for some a little inflation is so that people won’t hoard money and instead invest it in stuff which is good for the economy.
If every rich asshole only sat on their money for eternity everyone would be worse off.
Have you had a look around recently?
Yeah, and as far as I can tell it’s mostly invested