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> It would be a sad future without having such thing Would it? An economy dominated by a deflatory currency would be very different from what we know and enjoy
by usrusr 9y ago
> It would be a sad future without having such thing
Would it? An economy dominated by a deflatory currency would be very different from what we know and enjoy. Driven to the extreme it could even be a mass starvation level threat (well, that's easy to say given the low margin for error we have left).
- comboy 9y agoIt's about a storage of value. To be able ta have a place to put what you have earned and not worry that the inflation is slowly eating it up. Apart from precious metals an example of asset of this type we already have would be real estate. And I don't think that in itself it's causing things like starvation. I'm not 100% certain though about the assumption I made at the beginning that you are questioning. I do believe it's better for society if we have it, but I don't think I've read enough history and economy books to be super confident about it. Money makes money and the gap between poorest and richest surely is getting wider. Even in inflationary economy. However I don't know any 10,11 figure VC who isn't worried about that and is not trying to do something to protect those at the bad end of the spectrum (yeah, I don't know many VCs this is just a quote from some Eric Weinstein interview).