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' deflationary currency ... leads to hoarding of assets '. Someone owns every asset. By making it impractical to save using the fiat money, savings goes to non
by landemva 5y ago
' deflationary currency ... leads to hoarding of assets '.
Someone owns every asset. By making it impractical to save using the fiat money, savings goes to non-fiat items like land, stocks, energy, and BTC. This harms the poor who are rarely able to escape into those non-money items.
- birdyrooster 5y agoEvery fiat currency is different. Many poor in Argentina would argue that the USD, obviously inflationary, is a good store of value.