1246
Terribly performing memecoin
(thelemmy.club)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Aug 2026
1246 points (98.9% liked)
memes
22309 readers
1975 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads/AI Slop
No advertisements or spam. This is an instance rule and the only way to live. We also consider AI slop to be spam in this community and is subject to removal.
A collection of some classic Lemmy memes for your enjoyment
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 3 years ago
MODERATORS
But you don't need to hold on to it for decades.
Actually you do, for when you retire and no longer work, or have an emergency, or for any other reason. There's a difference when a billionaire hordes, and a normal citizen. Currency still needs to hold value.
If you are saving for retirement, you should keep your savings in the market, which would make your $100 worth significantly more than in 2013
Emergency funds should be small enough that changes in value due to inflation over more than a decade cause negligible financial hardship
Some in a checking account, sure, but that should be a small amount that isn't significantly affected by inflation.
Retirement funds typically aren't bills stuffed in mattresses, and if they are, that's on you.
Currency ultimately funds retirement accounts.
Sure, but not currency that has been stuffed into mattresses for decades.
It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.
I get that physically hoarding actual paper currency is dumb. That is not how I read the original post though.
Well okay, if you're not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can't time travel to spend it.
The point of the post is that now the dollar has less value but the government didn't do anything to ensure that you either get more dollars or the price of things don't skyrocket every 6 months
That's false on multiple levels.
For one, median real wages have been fairly stable and in fact have modestly increased in recent years, meaning wages did in fact increase alongside prices and you (or at least the median American) did "get more dollars." This is no surprise - if there is inflation because money loses value, then the price of labour increases just as the price of goods and services does.
Secondly, the deliberate government policy is to aim for modest inflation of a few percent since the economic consensus is that this is beneficial for financial stability. So inflation is not a bug, it's a feature. For the most part, monetary policy has been successful in achieving this goal in recent decades, aside from a brief inflation spike during Covid.
Finally, prices have not "skyrocketed" at all, not even during the Covid inflation spike, this is just hyperbole.
If you're gonna lie try to make it believable dumbass