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If central banks would allow deflation to happen, we would probably need to work less. In the way it is now they just absorb the underlying deflation inherent t
by WanderPanda 6y ago
If central banks would allow deflation to happen, we would probably need to work less. In the way it is now they just absorb the underlying deflation inherent to technological progress to allow more government debt and more zombie companies to survive. Technological progress is not the reason we still have to work so much
- Bakary 6y agoI'm not attempting to lay the blame on a specific element for the current situation, as we must look at the whole. Simply blaming the banks doesn't make much sense in isolation, either. I'm just saying that at the final count we see our lives stay the same except when they sometimes get worse and this has and will continue to affect our sense of wonder and our capacity to be surprised.