dxmnkd316
Lucia Apologist
Re: Obama Presidential Thread XIX: Starting a new chapter
Yeah, except the common folk don't get this.
Inflation creates a penalty for hoarding cash. It encourages activity because a dollar under a mattress will gradually lose its purchasing power.
Deflation creates a bonus for hoarding cash. It discourages activity because a dollar under a mattress will gradually gain purchasing power.
Yeah, except the common folk don't get this.