While it's true that getting butthurt about fiat currency not being a good value store is not rational, calling inflation/debasement-proofing a "disadvantage" depends very much on your place in the economy.
If you have an income and the freedom to set your own pricing levels, inflation can be dandy. If you live off savings and the central bank has crushed interest rates, not so much.
Sure. From an overall welfare point-of-view, I would argue that society should discourage people living off monetary savings, anyway. Yes, this includes retirement, which is better served by a tax-funded system.
Comments
While it's true that getting butthurt about fiat currency not being a good value store is not rational, calling inflation/debasement-proofing a "disadvantage" depends very much on your place in the economy.
If you have an income and the freedom to set your own pricing levels, inflation can be dandy. If you live off savings and the central bank has crushed interest rates, not so much.
Sure. From an overall welfare point-of-view, I would argue that society should discourage people living off monetary savings, anyway. Yes, this includes retirement, which is better served by a tax-funded system.