> But vast majority of population does not have cash saved up, they do not care about money losing its value as long as they are able to get more money today and buy the stuff they need.
Of course they care. Those that care most are the lowest income earners. For a simple reason: their wage does not increase with the inflation. They are either losing purchasing power or it is stagnated and they are not able to better their economic position. The silly minimum wage laws lag the price inflation, so people are in fact, no better off when they finally get their raise.
Of course they care. Those that care most are the lowest income earners. For a simple reason: their wage does not increase with the inflation. They are either losing purchasing power or it is stagnated and they are not able to better their economic position. The silly minimum wage laws lag the price inflation, so people are in fact, no better off when they finally get their raise.