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Inflation is like the power of negative compound interest.

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by COINS NEWS 263 Views

Warren Buffett loves to talk about the power of compound interest. Money growing with money. Many people recognize this and make large amounts of money overtime.

Inflation, the hidden tax, is similar to this, it compounds on itself, doing exactly the opposite of what enriched those harnessing the power of compound interest.

Interestingly, many people do not take advantage of this, either because they do not understand, unable or unwilling to save, or are afraid of loss.

Wouldnโ€™t it be great, if there was a unit of value that just simply stayed the same. Did not inflate, or barely inflate, and it would allow those saving, even afraid of loss, to store theyโ€™re buying power without inflation eating it away.

submitted by /u/EarningsPal
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