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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases? (lemmy.dbzer0.com)

submitted 1 year ago by Melatonin@lemmy.dbzer0.com to c/asklemmy@lemmy.ml

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[-] PeepinGoodArgs@reddthat.com 4 points 1 year ago

Less provocatively, economic growth "increases the size of the pie" but each individual piece makes up less of it. And those who can save, gathering up more pieces of the pie for themselves, can see gains from economic growth that those who can't save won't.

this post was submitted on 22 Jul 2023

443 points (96.6% liked)

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