3 ms·
Prove it, show me the world where we had a stable monetary supply that resulted in people having no incentive to invest in anything — where’s the experiment? A
by sbenitoj 8y ago
Prove it, show me the world where we had a stable monetary supply that resulted in people having no incentive to invest in anything — where’s the experiment?
Again, you HAVE to spend money to live (otherwise you die). It’s impossible to live without food and water, most people want to live in a house, most people want entertainment, etc. None of those things can be had without spending money.
Also, if your argument is correct, why don’t people put 100% of their money into the stock market (which reliably goes up over long periods of time) and instead choose to spend it?
- Scarblac 8y agoMoney is fundamentally used for two different things, as currency to help trade and to store value. Once it becomes too useful as a value store, it stops being used for trade, which hurts the economy. So therefore some inflation is a good thing, it means the money keeps moving. If you want to store value you do that with assets other than money.