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> Inflation incentivizes investment Inflation induces investment and consumption. Ultimately, central bank wants to create GDP growth through inflation because
by grlthng 5y ago
> Inflation incentivizes investment
Inflation induces investment and consumption. Ultimately, central bank wants to create GDP growth through inflation because any GDP growth is good, that's the basic dogma.
Since we're talking about climate change, it's clearly morally wrong for the central bank to print money to create arbitrary GDP growth because GDP growth creates emissions and furthers climate change. It's a deathtrap really, and the most sinister mechanism ever created. We should probably ban it along with Bitcoin.