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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?
(lemmy.dbzer0.com)
this post was submitted on 22 Jul 2023
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Central banks have a target inflation of about 2% and actively try to prevent deflation (much more so than inflation). In general moderate inflation is a good thing as it puts some pressure on keeping the money in circulation instead of hording it.
The dollar got about 25% stronger...during the Great Depression. $100 in September 1929 had the same buying power as $79 in September 1935. Systems built on the concept of infinite growth do not like to shrink.
Just thought you'd want to know that you probably meant "hoard" as in "accumulate (money or valued objects) and hide or store away" instead of horde, which is a crowd or equivalent.