No, cash doesn’t. That’s the one benefit of inflation. It causes cash to lose its value over time. It encourages people to invest. But the wealthy don’t horde cash, they horde ownership and I’m sure that’s basically what you meant.
A bank will give you a laughably low interest that will not keep up with inflation. Rich people are not doing that. It’s okay to just say, thanks for the correction, and then move on with your life. You don’t have to get defensive for no reason.
Bananas rapidly devalue the longer they are held, cash stored in a bank or pretty much anywhere else increases in value
No, cash doesn’t. That’s the one benefit of inflation. It causes cash to lose its value over time. It encourages people to invest. But the wealthy don’t horde cash, they horde ownership and I’m sure that’s basically what you meant.
That’s what I said, bananas hoarded aren’t being invested
You quite literally said cash being hoarded increases in value.
I literally said cash stored in a bank or pretty much anywhere else increases in value
Do you store your cash in a jar under your bed? That’s pretty much the only place it doesn’t accrue interest
A bank will give you a laughably low interest that will not keep up with inflation. Rich people are not doing that. It’s okay to just say, thanks for the correction, and then move on with your life. You don’t have to get defensive for no reason.
You sound pretty defensive, borderline bananas even