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Why does the price of things today vs 1924 matter? Do you have a store of cash from 1924? Is there actually a downside of this steady long-term inflation?


If the immorality of theft is of no concern to you then perhaps any of the following reasons may jive a little bit better with your ethos:

1. Destruction of savings

2. Distortion of price signals in markets

3. Impoverish those on long term fixed/low income

4. Creates massive inequality especially inter-generationally

In my estimation however, if you really have to ask about the benefits or downsides of theft then you've already started at the wrong end of things.


Are you equating inflation with theft?

Low, stable inflation is a natural phenomenon in a growing economy, largely a function of market forces.


So we all came together, agreed on a shared store of value, then said no one can "poof it" into existence, and then gave said power to only a single entity that now makes more of it without doing anything and we're all supposed to think "that's normal".

It's not theft, but it's not that far off from it. But at this point, we've normalized things like "taxes" anyways, so peoples' definition of theft doesn't align with reality, so why would it be different when it comes to printing of money.

Everyone is just post-rationalizing about this because they can't cope with the logical inconsistency of the world they live in.




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