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Our economies, culture, the whole of our civilization is based on the assumption of population growth. Because, quite simply, that's how it's always been. We h
by maratd 15y ago
Our economies, culture, the whole of our civilization is based on the assumption of population growth. Because, quite simply, that's how it's always been.
We have never before experienced a reduction in the human population for any extended period of time.
I wouldn't count the US out yet, it can easily augment its population with immigration. So can all the other developed countries.
Anyway, regardless, making a currency with a fixed supply doesn't work under any scenario. With a constant or increasing population, you want to increase the money supply. With a decreasing population, you want to decrease it.