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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
452 points (96.7% liked)
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It's good that someone else also understand that value of goods doesn't increase during inflation, but that the value of currency decreases. If the value of a good increases then that means you need to exchange more of other goods to get the same value as that good that increased in value. Add in that goods often have different values to different people.