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> why they think money should be worth more later Because it is my choice? If you want to use an inflationary currency, go ahead. But other people should have

by stale2002 7y ago

> why they think money should be worth more later Because it is my choice? If you want to use an inflationary currency, go ahead. But other people should have the option of opting out, and using a different currency, with different properties

arcticbull 7y ago
That’s not a reason. Give me a justification for why you think money should be worth more later. Because it would be sweet for you isn’t really compelling. I gave you a reason for inflation and your counter was “because I would be rich” - see if you can make a better case and if not, maybe reconsider your position.
- stale2002 7y ago
  > Give me a justification for why you think money should be worth more later My justification is freedom of choice. Or, in other words, the reason is "because I want it to, and I am justified in making my own free decisions". I believe it is people's right to choose which money system that they want, and you should not have the right to prevent other people's voluntary choice to use a different money system. I am justifying why people should be allowed to make their own decisions about what money system that they use. Freedom of choice is a valuable principle in and of itself. You cannot just dismiss this important concept of freedom of choice. It applies to all parts of society. The only justification I need, is that I do not want people's freedoms to be infrindged upon.
  - arcticbull 7y ago
    > My justification is freedom of choice. Or, in other words, the reason is "because I want it to, and I am justified in making my own free decisions". You're intentionally not answering my question which is: explain to me what benefit to society could potentially arise from money being worth more over time? I'm not saying you can't do it I'm asking you why. It seems you and everyone else can't point to anything other than making yourselves wealthy.
    - nybble41 7y ago
      Short version: Deflation benefits society by preventing malinvestment in ventures with a below-average (i.e., below-deflation) rate of return which would divert labor and materials from actually profitable investments. Long version: https://news.ycombinator.com/item?id=21457114 https://news.ycombinator.com/item?id=21457114
    - stale2002 7y ago
      The benefit is that people are allowed to use money of their own choosing. Freedom is something that many people care about and value. The benefit is also that different people want different things in their own money system, and a diversity of things and monetary systems is good, merely because of the money systems being different. There is value in having differing money systems with different properties (merely because they are different!), and letting the market decide which one is best. So a direct answer to your question is "because it is different from what we have now", and more diversity in monetary properties is a good thing.
      - arcticbull 7y ago
        Different isn’t always better.
        stale2002 7y ago
        It is better for the purpose of allowing people to make their own free choices, and letting the market decide what's best. The mere act of providing alternative options is a good thing.
        arcticbull 7y ago
        Dropping a flaming turd on someone’s porch is an alternative to putting up with someone but it’s strictly worse for obvious reasons. Providing that alternative is not better if you can’t even begin to speculate on why it might be better. The entirety of your case is "#freedom" and you refuse to speculate on why it might actually be better. Nobody's arguing with your right to do stupid things, I'm just asking why your suggestion might be better and you keep refusing to even speculate.

arcticbull 7y ago

That’s not a reason. Give me a justification for why you think money should be worth more later. Because it would be sweet for you isn’t really compelling. I gave you a reason for inflation and your counter was “because I would be rich” - see if you can make a better case and if not, maybe reconsider your position.

stale2002 7y ago
> Give me a justification for why you think money should be worth more later My justification is freedom of choice. Or, in other words, the reason is "because I want it to, and I am justified in making my own free decisions". I believe it is people's right to choose which money system that they want, and you should not have the right to prevent other people's voluntary choice to use a different money system. I am justifying why people should be allowed to make their own decisions about what money system that they use. Freedom of choice is a valuable principle in and of itself. You cannot just dismiss this important concept of freedom of choice. It applies to all parts of society. The only justification I need, is that I do not want people's freedoms to be infrindged upon.
- arcticbull 7y ago
  > My justification is freedom of choice. Or, in other words, the reason is "because I want it to, and I am justified in making my own free decisions". You're intentionally not answering my question which is: explain to me what benefit to society could potentially arise from money being worth more over time? I'm not saying you can't do it I'm asking you why. It seems you and everyone else can't point to anything other than making yourselves wealthy.
  - nybble41 7y ago
    Short version: Deflation benefits society by preventing malinvestment in ventures with a below-average (i.e., below-deflation) rate of return which would divert labor and materials from actually profitable investments. Long version: https://news.ycombinator.com/item?id=21457114 https://news.ycombinator.com/item?id=21457114
  - stale2002 7y ago
    The benefit is that people are allowed to use money of their own choosing. Freedom is something that many people care about and value. The benefit is also that different people want different things in their own money system, and a diversity of things and monetary systems is good, merely because of the money systems being different. There is value in having differing money systems with different properties (merely because they are different!), and letting the market decide which one is best. So a direct answer to your question is "because it is different from what we have now", and more diversity in monetary properties is a good thing.
    - arcticbull 7y ago
      Different isn’t always better.
      - stale2002 7y ago
        It is better for the purpose of allowing people to make their own free choices, and letting the market decide what's best. The mere act of providing alternative options is a good thing.
        arcticbull 7y ago
        Dropping a flaming turd on someone’s porch is an alternative to putting up with someone but it’s strictly worse for obvious reasons. Providing that alternative is not better if you can’t even begin to speculate on why it might be better. The entirety of your case is "#freedom" and you refuse to speculate on why it might actually be better. Nobody's arguing with your right to do stupid things, I'm just asking why your suggestion might be better and you keep refusing to even speculate.