High inflation feels like it debases a nation’s soul somehow
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I think it is, somehow….
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Stealing from the people who managed to save money.
It's debasing, you are right.
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God I love inflation! Did you know that due to American destabilization in Nicaragua, a side effect was extremely rapid inflation of the country's currency? It's really interesting stuff, just search up Sonic Inflation on Google for more details.
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High inflation feels like it debases a nation’s soul somehow
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Author bios on that book are uhh not promising.
Also connecting cultural decline to Fed policy seems like an impassible task. Modern central banks just haven’t been around that long, and during pretty eventful times…
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>debase the currency of the nation
>currency based on credit
>credit is (based on) trust
∴high inflation debases the trust in the nation
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feel this. very depressing when you revisit an old restaurant/experience from your childhood and you realize all your price expectations are like 2-3x lower
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