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submitted 4 months ago by [email protected] to c/[email protected]

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Assuming the title to be accurate, what is a good way for the working class (90%+ of all humans) to save and succeed in this current environment?

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[–] [email protected] -2 points 4 months ago (2 children)

As an aside, I've often wondered what would happen if everything was automatically adjusted for inflation.

So like cost of living inflates, but then income is adjusted and bank accounts are modified to be their true value before inflation.

Would this patch things up to be effectively 0 inflation? or (more likely) would this cause an absurd runaway effect?

[–] nitefox 4 points 4 months ago

That it would spiral into more inflation, making your money worthless. Which is exactly what happened in Italy with the Lira

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