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The problem described is further reinforced by our monetary policy. Devaluing money through inflationary policies encourages spending or 'investment' in equitie
by errantmind 5y ago
The problem described is further reinforced by our monetary policy. Devaluing money through inflationary policies encourages spending or 'investment' in equities to preserve buying power.
Deflationary policies encourage saving currency which creates a higher bar for investments and spending. It is deeply unpopular at the moment, but I believe deflationary monetary policy as the only meaningful solution to our current climate crisis.