Will someone explain inflation to me?
A coke was 5 cents many years ago, and that price made sense because it was proportional to the amount of money people have. Today, a coke is however many dollars.... which is also proportional to the current amount of money people have. The number went up but the price didn't.
I can see why this would look bad to someone older but I don't understand why inflation is such an awful thing that everyone is scared to death of.
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>why are rising prices bad
It's not, inflation is actually a decent thing at low levels. It's just rural and suburban Trump supporting retards that can barely read that hate inflation.
>why is inflation bad
The prices aren't rising, well technically they are but it's much easier to make more money so it evens out
explain
because inflation goes up at a higher rate than wages, so now that coke passed from being 0.01% of your salary to 0.1%
You need an inflationary currency or no one will ever spend their money
this cannot go on forever.
inflation is an ingenious way to extract value from existing coins without physically touching them. and it allows the state to fund itself
tl;dr - inflation is a way for state to steal your earned monies value from you and to fund its operations
Because wages didn't rose as much as prices of goods rose. So end of the game with high inflation your student debt will be harder to slave off while you make proportionally less in purchasing power than your great grand dad working in a coal mine without any school education. And don't start about QE and the amount of circulating money depreciating the dollar you earn even more, while the prices rise further