Nearly 60 and I still don’t “get” inflation. Can anyone explain? Thank you.

  • Commiunism@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    12
    arrow-down
    4
    ·
    12 hours ago

    When Capitalism was being theorized, a guy name Sonic Smith had discovered that over time as more money is minted, it loses value, and thus inflation. Thus, when it came time to implement capitalism, it became the 34th rule of capital that was defined.

    To learn more, google “rule 34 sonic inflation”

    • steeznson@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      7 hours ago

      In 1989, A Japanese Professor who teaches in the University of Tokyo named, Rantaro Futanari, found a loophole in the Japanese Economy. Prof. Futanari found a way to legally counterfeit money without any repercussions. Prof. Futanari still does this and is a well known billionaire. Want to found out how he does it? Just search for, “Futanari Inflation” in Google Images.