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I really can't agree with your take on inflation being a necessity for stable societies. It's a fallacy. Eventually developed countries hit a point where they
by honestlyreally 9y ago
I really can't agree with your take on inflation being a necessity for stable societies.
It's a fallacy.
Eventually developed countries hit a point where they are just chasing the next economic hit only to cause disastrous misallocation of resources. Japan went down this path decades ago, the west is next.
Reserve banks should target 0% inflation. Dividing the dollar down to 8 decimals neatly solves hoarding issues.