Why is inflation needed?

Why is inflation needed?

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to keep people slaving

Because if currency is deflationary everybody will hoard their fiat and there will be no economic growth which comes from people and instutitions spending and investing their fiat.

So that everything you worked for one day becomes worthless

B/C everything is a lie.

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Pretty much this as I understand it. Why buy anything today if it’ll be cheaper tomorrow? Also, inb4 the JQ

so stonks go up

jews, unironically

Because demand will fall off a cliff as people defer spending so they can buy things for cheaper later

This

Because credits get "lost" more easily than debts so debts have to be devalued to prevent lockup. It's not about "spending" and "hoarding", it's about debt trap and credit crunch

So universe could finally have an ending. How long it existed, holy shit, universe is so old now.

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The idea of inflation, like PoS, is to scale a currency, so that when it sees adoption, the platform can adequately compensate the increase in traffic with more units of measure to accommodate the adoption rate.

Why is there a need for constant economic growth? Why not spend on what you actually need, things like food, and be done with it?

fpbp

Inflation is a constant tax on savings. (((They))) want your money.

Kino, next level skizo

Just go and live in da woods, why the fuck you need internets and roof over your head. Just go and be done with it.

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the classic jew fed argument.

its pretty much just another way to tax people without having to confront them about it. I wouldn't consider it so if it wasnt for the fact that using any other currency in the usa other than usd was illegal. if the shit wasnt being forced to be used with violence no one would use this shit clown money.

Sure, a house, internet, food, water. Wjy the constant need for economic growth though? Is a stable economy not good enough? Why does a baker need economic growth?

It isn't.
This is verifiably untrue. Empires have historically risen with hard currency in their glory days and debased their coins when in decline. This is an illusion created by the fact that the difference between inflation and "growth" (think about how to define that objectively for a second) is a matter of CPI accounting. If you make the money in circulation number go up, all numbers go up and you can pretend that's good if the price of rice, bread and wagie cones can be kept down under control and that's what you call "inflation". Inflation exists to consolidate wealth in existing assets and mask spending away from uncomfortable taxes.

Because of fractional reserve banking and debt. If the money supply isn't constantly increasing then the debts don't get paid and the system locks up.

>Is a stable economy not good enough?
You want the world to stop at 2020?
You want humanity to stop progress at 2020?
You want technological progress to stop at 2020 forever?

It's not. Deflation is a natural process that occurs when the price of something doesn't match the market determined value. Inflation is the opposite, the price increasing because the value is higher than the market price.

Currency manipulated inflation is justified by the increasing population and general productivity of society. Result is corruption and punishing saving.

What does "growing" an economy even mean? Printing more money?

The Jews in charge will tell you its so people dont hoard their cash, making them reinvest it to keep the economy growing. The NPCs will also recite this lie.
The truth is, its designed to make it impossible to become wealthy off of hard work alone. You NEED to do some Jewry to make it to multimillionaire. That way, anyone who fits the ideal worker stereotype(hardworking but doesnt think too much) will be stuck on an endless treadmill of productivity for the sake of paying off debts. The only people who will ever “make it” and exit the system are the ones who bother to learn how the system operates, who as a result, likely werent going to be very productive anyway. They are allowed to Jew their way to wealthy status as a sort of a bribe for not waking up more ideal workers to the reality of the situation.

>tl;dr: its slavery

This is a fallacy assuming that people would clutch their pearls instead of interacting with the economy.

Each person would obviously make a trade if their perceived value of a good or service was higher than the value of the money/currency.

You buy a car because you need transportation. You don't wait 3 years because the price will drop 5%. You buy now because 3 years without a car is far more costly than the 5%

This is retarded, inflation is not a purely monetary issue, probably only like 10% of inflation in Europe is caused by the central bank, the rest of the inflation happens because of many different reasons, such as big companies raising prices, specially companies that have a monopoly on certain goods.
The european central bank has been printing more and more money every year since the last 20 years. However inflation has substantially decreased almost every year since 2000, and the european central bank has stated many times that it's actually hard for them to make more inflation to meet their inflation targets, they print and print, but inflation keeps going down, because inflation happens because of many different reasons you're just some Austrian ancap retard that believes in cringe conspiracy theories

GDP increase

its not, from the early 1800s to early 1900s the dollar actually gained value

When you build a house out of wood, you have transformed the wood into a more valuable item. Your labor, expertise, and materials have created value. This, across all of humanity, results in a growing economy.

Currency is just a measuring stick. Printing more doesn't add anything to the economy, just makes it harder to measure past and present value.

The first 2 questions are nonsense and #3, what if I say yes? And either way, why do you need economic growth for technological progress?

I was just trying to offer a simple explanation, but I don’t see how it’s a fallacy as such. Part of the intent of inflationary policy, among some of the many other good answers in this thread, is to keep money circulating rather than being hoarded. It is also a tax on savers, an incentive to invest, etc., etc..

A better word would have been misconception

>And either way, why do you need economic growth for technological progress
It's the other way around, technological progress makes the economy grow. If the economy is not growing that means there's not any substantial technological progress taking place

>we need money
>issue 10 trillion dollars in bonds
>now we are 10 trillion dollars in debt how do we get rid of it
>inflate 10 trillion dollars of debt away by increasing money supply

GGEZ

Because money is power. People deep down have a way and want to force their way on others. They want to feel superior to others. It's nature, you want to whip your dick out and smack it on a bunch of people and let it leave bruises down the genetic line.

If you have the ability to make people suck your dick in exchange for money, you have power right? Of course there is the "might' factor but of course you can just hire a bodyguard to correct that factor, ergo Money is the power to make people willingly do favors for you rather than through threat of violence.
Understanding this, the entire upper echelons of wealth is an endless war of people trying to have the bigger money cock. Consooming is just a distraction for the slave class that allows the big money dick holders to exist.

Think of it this way, reality is just a bunch of faggots claiming their superior, because they can get other faggots to do them favors for consooming tokens. Some of those faggots are content with consooming but others dream to have a big money cock and slap it all over their "master's" face.

TL;DR People aren't content with having no control of other people. Even the poorest of poorfags dreams of being a master of slaves.

Money is an unproductive asset. People are already incentivized to invest to get a better yield.

Pushing people to spend will cause over consumption. It's like manipulating someone's appetite so that they eat more - they get fat.

Oil output is dependent on the price of the dollar. In almost everything you consume the largest finite resource cost is from oil. The more true that becomes the more oil price fixing reduces the effect other factors have on inflation but price of other resources like gold still goes up, it's just not very relevant to anything you consume.

So, can you explain the situation we're all in, if printing more money doesn't inflate the value of currencies?
If simply printing more IOUs doesn't inflate the value of a central currency, then why do we constantly have to raise taxes, start more wars, create social panics while the guys with big bags acquire more liquid and bomb federal buildings so the FED doesn't get audited, then what is the source of our economic hardships?

Above is the most comprehensive explanation for our current societal issues which I've come across. If you have an alternative explanation for things, and especially if you think all of what's been said so far is mere coincidence, then I'd absolutely adore you conveying where the inconsistencies arise.
No, I don't mean to be patronizing. I'm being sincere.