Dear people who are economically literate:

Not Comms Officer · March 10, 2015, 03:24:11 AM

Please tell me why inflation is a good thing.

Please enlighten my ignorant mind with your blessings.

Love,
Comms Officer

w/e · March 10, 2015, 05:26:07 AM

Well, my guess would be that it's an indication of a good economy, which is good because people get more stuff that way.

In Sweden we need about 2% inflation per year. That is the ideal number.

Turkey · March 10, 2015, 06:26:13 AM

I wouldn't say it's either good or bad. It's just an economy's aggregate reaction to fluctuations in supply and demand as well as the supply of money. Trying to regulate it prevents any of those factors from swinging wildly out of control -- in theory, of course.

w/e · March 10, 2015, 06:57:43 AM

You just explained what you think it is, you never said anything negative or positive about it.

Are you trying to tell me there are no benefits and down sides to it? If not; you should've included those.

Turkey · March 10, 2015, 10:32:30 AM

OP didn't ask for pros and cons. Cons of inflation are that your money buys less and it can disproportionately affect more marginal companies. Benefits are that it increases production and prevents stagnation.

DAS B00T x2 · March 10, 2015, 10:35:50 AM

If I remember right from when I asked Meta about this, it needs to happen for economic growth to occur.

w/e · March 10, 2015, 10:46:30 AM

Why would you need Meta to give you that obvious information?

It'd do you better to learn the terms, and try to understand how it works on your own.

DAS B00T x2 · March 10, 2015, 10:58:57 AM

Quote from: DigitalIzesty on March 10, 2015, 10:46:30 AM

Why would you need Meta to give you that obvious information?

It'd do you better to learn the terms, and try to understand how it works on your own.

I neither have the time or drive to study a field unrelated to my own interests.

Risay117 · March 10, 2015, 11:28:13 AM

Not sure may need to study this to understand it

w/e · March 10, 2015, 11:35:42 AM

Quote from: Risay117 on March 10, 2015, 11:28:13 AM

Not sure may need to study this to understand it

Will you be doing that?
To what degree?
What do you hope to gain?
Is it worth it?
Then what was the point? Does curiosity get you that much?

Here are some questions for different answers and such, as for the purpose of saving time.

More Than Mortal · March 10, 2015, 11:43:56 AM

A moderate amount of inflation sort of greases the wheels of an economy.

Let's say you run a company, and we're about to hit an economic downturn. Would you rather have zero inflation and have to slash wages by 1pc or 2pc to keep afloat, or would you prefer to have 2pc inflation and then cut wage growth by 1pc or 2pc.

Forgewolf · March 11, 2015, 06:07:42 PM

Inflation = Debt, which ='s Becoming Poorer

rC · March 11, 2015, 08:01:32 PM

Quote from: Forgewolf on March 11, 2015, 06:07:42 PM

Inflation = Debt, which ='s Becoming Poorer

Actually, inflation benefits borrowers.

Not Comms Officer · March 11, 2015, 09:35:53 PM

Quote from: Forgewolf on March 11, 2015, 06:07:42 PM

Inflation = Debt, which ='s Becoming Poorer

Thanks, but Meta's version makes a whole lot more sense than yours.

w/e · March 12, 2015, 02:29:11 AM

Quote from: Forgewolf on March 11, 2015, 06:07:42 PM

Inflation = Debt, which ='s Becoming Poorer

I classify you, wizard, Cowpie as the same type of person. A stupid one btw.

Read the title before you reply next time, or else people are gonna laugh at you like they are now.

challengerX · March 12, 2015, 06:43:43 AM

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