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> Not something that sane people should want Thats uncharitable, and in my opinion ignorant. Inflation distorts the signals people use to make investments, lea

• hannasanarion 6y ago
  And deflation, where the value of your cash increases constantly if you do literally nothing with it, leads to good allocation of assets? There have been two major periods of deflation in the history of the US dollar. 1930-1933, and 2007-2008. When the value of money increases, people don't spend it, they hoard it, commerce stops, and the economy grinds to a halt. Just look at your beloved bitcoin, who is actually using it to buy and sell anything (besides illegal goods and money laundering)? The price is entirely propped up by speculation and fake Tethers, and because it is increasing, everyone who has any knows they would be a fool to use it, which is the whole point of currency.