GoodAndBluts t1_jdxvkew wrote
Reply to comment by Loud_Clerk_9399 in How much money saved is the ideal amount to withstand the transition from our economy now, through the period of mass AI-driven layoffs, to implemented UBI? by Xbot391
deflationary means money becomes more valuable over time- or am I confused?
Loud_Clerk_9399 t1_jdxw505 wrote
Yeah the value of the dollar goes less so whatever you have becomes more valuable
GoodAndBluts t1_jdy4vnw wrote
that is the opposite of deflation, but I get what you are trying to say
Loud_Clerk_9399 t1_jdy50z6 wrote
Sorry I meant to say the value of each dollar went up. That was a this statement in my explanation. But thank you for correcting
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