• jeffw@lemmy.worldOP
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    5 months ago

    Well obviously you don’t just sit on cash. That’s the whole idea of present value. Inflation, to a small extent, is good. It also happens to literally every currency.

    • shortwavesurfer@monero.town
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      5 months ago

      But inflation doesn’t have to be a thing. Currentsies don’t have to inflate. Back in Rome, you could buy a tailored suit and a pair of shoes for a ounce of gold. Today, you can go by a tuxedo and a pair of shoes for an ounce of gold. So in terms of gold, the price of items has not changed significantly in a very, very long time.

      • jeffw@lemmy.worldOP
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        5 months ago

        Inflation does need to be a thing for a healthy economy. If we only used gold, things would stagnate.

        • shortwavesurfer@monero.town
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          5 months ago

          That’s okay. Things will be purchased as they are needed. It’s not like because we used gold. I wouldn’t need toilet paper or a new laptop or a new phone. I would still need to purchase those things at some point. It would improve lending practices as well because people wouldn’t be lending trying to outpace inflation with a return. They would lend less, for sure, but people would also save money more so they would need fewer loans.