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A rational actor will exchange money for food rather than starve to death, regardless of whether the currency they are using is deflationary or not. Your argume
by louloulou 5y ago
A rational actor will exchange money for food rather than starve to death, regardless of whether the currency they are using is deflationary or not. Your argument is nonsense.
- karmakurtisaani 5y agoThat rational actor doesn't need to be a human. In fact, the concept of rational actor makes more sense in the context of corporations. Now, imagine a corporation hoards a trillion dollars worth of a deflationary currency. Will it invest it back to the economy as eagerly as it would an inflationary currency?
- anonporridge 5y agoA corporation has fixed costs to continue existing, even if it's not directly food. Any possible rational actor you can come up with will have some need to trade with external actors.