Ah, excellent point. This is why I come to HN, because discussion. Will reveal when I need to consider something with more nuance and dig deeper into topics. I

Ah, excellent point. This is why I come to HN, because discussion. Will reveal when I need to consider something with more nuance and dig deeper into topics. It would definitely depend on how evenly spread the decline is. 10% (or whatever) evenly spread out would be bad, because a developed country can tighten its belt and not buy new things as much and focus on less waste, change eating habits to be a little more based on most productive crops instead if taste preference, etc. 10% for a a less developed country would, in terms of the relative utility of money, mean a lot more loss. And that's hoping they didn't decline more than a developed country. (By relative utility of money I mean that the more money a person has, the less that a single unit if money impacts you. $10k increase for a person who makes $35k is a noticeable step up in quality if life. For someone making $500,000k it changes practically nothing)