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Question: if your money is getting predictably more valuable, why would you want to spend it? Answer: marginally speaking, you wouldn't. This argument never ma
by richcollins 15y ago
Question: if your money is getting predictably more valuable, why would you want to spend it? Answer: marginally speaking, you wouldn't.
This argument never made any sense to me. You can't eat money, watch it for entertainment ... etc. You might be more inclined to save money that you would otherwise have spent carelessly to avoid its loss of value, but how is this a bad thing? Wouldn't our economy be stronger if the effort we spent was on making things people actually want / need instead of making things people kinda want because their money is burning a hole in their pocket?