ELI5: WHY INFLATION IS THEFT.
Imagine you have a jar of cookies, and you save them for a special treat. But one day, your mom comes along and takes a few cookies from the jar without asking you. You might feel upset because those cookies were yours, and now you have fewer of them.
Now, let's think about money instead of cookies. Inflation is like when the value of money goes down over time, and you can buy fewer things with the same amount of money. It's like someone is taking away a little bit of the value of your money without asking you.
When there is inflation, the prices of things like toys, candies, and even everyday things like bread or milk go up. So, let's say you have some money saved up to buy a toy that costs $10. But because of inflation, the price of the toy goes up to $15. Now, you need to spend more of your money to buy the same toy.
So, just like the cookies in the jar, inflation takes away some of the value of your money without your permission. It's like a little bit of theft because you can buy fewer things with the same amount of money. That's why some people say inflation is like theft.
xxxmnmlxxx /
npub1eg…0f4s8
2023-07-01 23:42:52
Author Public Key
npub1egfjwyh7kpjs7mu6hx5q7v2gsuuzdwpry8enmpy5w8qjwz5ku9vsu0f4s8Published at
2023-07-01 23:42:52Event JSON
{
"id": "29c0993b91c1d8fc56663c70421acf969a70cf94e29f025b0e419649ec5a09aa",
"pubkey": "ca132712feb0650f6f9ab9a80f3148873826b82321f33d849471c1270a96e159",
"created_at": 1688254972,
"kind": 1,
"tags": [],
"content": "ELI5: WHY INFLATION IS THEFT. \n\nImagine you have a jar of cookies, and you save them for a special treat. But one day, your mom comes along and takes a few cookies from the jar without asking you. You might feel upset because those cookies were yours, and now you have fewer of them.\n\nNow, let's think about money instead of cookies. Inflation is like when the value of money goes down over time, and you can buy fewer things with the same amount of money. It's like someone is taking away a little bit of the value of your money without asking you.\n\nWhen there is inflation, the prices of things like toys, candies, and even everyday things like bread or milk go up. So, let's say you have some money saved up to buy a toy that costs $10. But because of inflation, the price of the toy goes up to $15. Now, you need to spend more of your money to buy the same toy.\n\nSo, just like the cookies in the jar, inflation takes away some of the value of your money without your permission. It's like a little bit of theft because you can buy fewer things with the same amount of money. That's why some people say inflation is like theft.",
"sig": "346cfd8a837dfc1b8d0fe7bb3bbc9d9411d05938d63167fac7d0392fe82df82d3d3a2d5a33f52ee169c7f9cbfcdc1be914607b2e4b7879f8e89e56a473d4c9e9"
}