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[–] observation1 0 points 1 point (+1|-0) ago  (edited ago)

That's like saying because we've become more efficient technologically at making bread, which keeps costs down - that it's okay to steal money through inflation to justify the offset in what would have been savings.

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[–] CanIHazPhD 0 points 1 point (+1|-0) ago 

Sadly economics is a harsh mistress, no system is inflation or deflation proof (no, not even metal based standards or cryptocurrencies) and the alternatives (hyperinflation or deflation) are much worse. Inflation only affects you if you have a lot of currency "under your mattress" (saving accounts or things like that), which is an incredibly bad idea anyway. It does not affect you if you have investments, does not noticeably reduces your salary, etc.

This is why you need to look at the value of actual labor and not at the value of bills.

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[–] observation1 ago 

Sadly, you don't know what you're rambling about.