Comment by bigbadfeline

21 minutes ago

> If you work.

Work or no work doesn't matter, inflation steals everyone's savings, wages grow slower than inflation - so they get stolen too, it causes a run on assets, feeds on itself and feeds corruption-driven bubbles, the funds extracted via inflation lead to monopolization and oligarchy-zation, inflation can be used to install Hitlers and manipulate elections, the list goes on.

> You're not renting. You're not on a pension. You're not...

Right, if you're not living, inflation doesn't matter, in all other cases it does. I don't know what you are talking about here or rather, I know that you don't know what you're talking about.

It's crystal clear that you have no idea what the role of banks in the economy is and what it's supposed to be. Without that understanding you're going to keep presenting pompously mysterious arguments which are nonsensical even by the low-bar measure of mainstream economics. I cannot type a whole econ 101 course here, you're supposed to figure out on your own why we have banks, how they work and what they're supposed to achieve.