Laeserin on Nostr: I think most people concerned with monetary inflation don't realize how little most ...

I think most people concerned with monetary inflation don't realize how little most people care about monetary inflation. What they care about is consumer price inflation (the cost of butter, gasoline, meat) and asset price inflation (the cost of housing, mostly, as people need homes to live in).

Consumer price inflation and asset price inflation can be accelerated by monetary price inflation, but the normies are right to associate the sudden, disturbing jumps and falls in prices to supply/demand shocks, and _not_ to overall monetary inflation. That is why central banks fiddling with interest rates has no effect on the price of gasoline at the station; that price is taxes, fees, fracking licenses, and supply interruptions, not the national debt or the interest on 10-year bunds.

quoting
nevent1q…7uf6

That's because most people use cash money primarily as a currency (trading token) and measure, not as a savings vehicle. As long as the value of the money stays relatively stable over the course of a couple of months, it works fine as a currency. You just have to spend it within those months.

Most people and businesses scrape by, from month to month, so they just don't really give a shit about inflation unless it goes above 50% per annum or so.