Comment by pjc50
2 days ago
> This might be true if you have everything in cash in a safe at your house and plan on taking out fixed amounts for the rest of your life, I guess, but who are those people?
It seems an astonishingly large number of people, including on here, talk as if that were the case despite their actual living and retirement finances. People really hate inflation.
Something about the lizard brain wants the exchange rate between shiny object and edible object to be fixed and gets extremely upset if it changes.
(Or, as is becoming increasingly relevant, the exchange rate between shiny object and flammable fluids)
The exchange rate between shiny objects and edible objects has nothing to do with inflation though; they're both physical objects. Unless people start trading glittery balloons it is quite difficult for shiny objects to inflate and the fluctuations from increasing supply are generally not a problem.
The inflation complaints are people who prefer not to be taxed for saving currency and earning money in fiat. As far as it is a lizard brain thing it's more about principles of fairness in who should be paying taxes and the aversion people have to things taken away from them.