G.M.Joe @G.M.Joe - 1d
I like to think about inflation in another "dimension": Time. Most money that people have is accumulated through time. So basically when you manage to save lets say 20 percent of the money (time) you made (spent) for your children and the state prints 20 percent of the money supply in your lifetime... It means the state effectively erased or killed your lifetime savings through inflation. That's why we do not have the incentive to save money. And when some elder folks have money on the side they tend to fall for scammers promising a high return (often only so high to restore the buying power of their earned money) on their savings. I say it often in the last week's but the state is the problem and not a part of the solution to anything.
