this post was submitted on 28 Aug 2023
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@argv_minus_one
I am not an economist. So this is my humble opinion. We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system. We fail to vote for politicians who will regulate this system. It seems to me it is the voters who chose the system, itβs regulation and the politicians and policies that influence the system.
Inflation is merely observance of people believing that a currency has become less valuable than in the past. In what way is that a problem of capitalism? Currency is not a feature of capitalism, nor is assigning value to something a feature of capitalism.
Perhaps you mistyped 'currency' when you wrote 'capitalist'? Autocorrect can be a harsh mistress. It is true that we live in a currency system.
@EhForumUser
Nope, no autocorrect. Currency is a means of trade within the system. Not sure why you would not think that was a necessity within the system?