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153 points

Central banks have a target inflation of about 2% and actively try to prevent deflation (much more so than inflation). In general moderate inflation is a good thing as it puts some pressure on keeping the money in circulation instead of hording it.

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The dollar got about 25% strongerโ€ฆduring the Great Depression. $100 in September 1929 had the same buying power as $79 in September 1935. Systems built on the concept of infinite growth do not like to shrink.

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4 points

Just thought youโ€™d want to know that you probably meant โ€œhoardโ€ as in โ€œaccumulate (money or valued objects) and hide or store awayโ€ instead of horde, which is a crowd or equivalent.

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