You’re right. But they don’t want to hear it. Just like how most of the world believes in sky people and don’t want to face reality.
The world has been living on FIAT currency since WW1 when virtually every country left the Gold Standard. It’s been ingrained into everyone that deflation = bad, inflation = good. Yet at the same time every single financial advisor recommends dumping your savings into deflationary assets (houses, stocks, etc)… Okay. Makes sense to me.
You’re right. But they don’t want to hear it. Just like how most of the world believes in sky people and don’t want to face reality.
The world has been living on FIAT currency since WW1 when virtually every country left the Gold Standard. It’s been ingrained into everyone that deflation = bad, inflation = good. Yet at the same time every single financial advisor recommends dumping your savings into deflationary assets (houses, stocks, etc)… Okay. Makes sense to me.
It’s almost as if one of the ideas behind having an inflationary currency is that people don’t hoard it and invest in other things!