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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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The value of things doesn't really increase. One loaf of bread still makes my hunger go away the same amount that it does regardless of its price tag.
It's the »measurement tool« that we are measuring/defining its value with that's changing in alignment to the amount of supply of bread.
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.