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[-] FlexibleToast@lemmy.world 4 points 4 hours ago

No, cash doesn't. That's the one benefit of inflation. It causes cash to lose its value over time. It encourages people to invest. But the wealthy don't horde cash, they horde ownership and I'm sure that's basically what you meant.

[-] ryannathans@aussie.zone 1 points 4 hours ago

That's what I said, bananas hoarded aren't being invested

[-] FlexibleToast@lemmy.world 0 points 4 hours ago

cash stored in a bank or pretty much anywhere else increases in value

You quite literally said cash being hoarded increases in value.

[-] ryannathans@aussie.zone 1 points 3 hours ago

I literally said cash stored in a bank or pretty much anywhere else increases in value

Do you store your cash in a jar under your bed? That's pretty much the only place it doesn't accrue interest

this post was submitted on 02 Jul 2026
372 points (99.2% liked)

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