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Most people have no savings to speak of and that is not the fault of inflation, so that is not a problem. And anyhow, I don't really see why the work of my gran
by yxhuvud 6y ago
Most people have no savings to speak of and that is not the fault of inflation, so that is not a problem. And anyhow, I don't really see why the work of my grandparents should be valued equally by society as work that happens now.
- xiphias2 6y agoIt’s because your grandfather sacrificed himself so that you can have a better life. One of the most noble thing a person can do to his grandson. And I personally saw Bitcoin change people from a non-saver to saver. Also I know many poor people who save all the time without access to markets.
- orwin 6y agoLast deflation in the us was 2007 to 2008, and the one prior to that was 1930 to 1933
- imtringued 6y ago>It’s because your grandfather sacrificed himself so that you can have a better life. That's a pretty stupid argument. Why should everyone's life get worse from that point on, if it can get better for everyone involved?