4 ms·
> it starts making sense to invest into human labor and knowledge Because that's definitely what happens when people hold a lot of money. They invest into huma
by krageon 6y ago
> it starts making sense to invest into human labor and knowledge
Because that's definitely what happens when people hold a lot of money. They invest into human labour and knowledge.
- imtringued 6y ago>v when people hold a lot of money. The point is that they don't. Money is supposed to be itchy. You're supposed to spend it. When you spend money you are paying someone else's salary and that someone can spend money on things you provide and pay for your salary. With deflation you basically get the minimum possible economy, which means lots of unemployed people. Their work isn't needed and by extension the person itself isn't needed either so we would be better off with the minimum number of people possible. That means heading straight to 0.
- krageon 6y agoThis sounds like trickle-down economics, which is a load of nonsense.