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This is something I’ve thought about and while I agree that a deflationary currency would be detrimental to our constant economic growth, I wonder if that’s act
by OGWhales 4y ago
This is something I’ve thought about and while I agree that a deflationary currency would be detrimental to our constant economic growth, I wonder if that’s actually a bad thing.
Do we really want constant growth and pointless consumerism knowing what it is doing to our environment? Maybe a deflationary currency would be good, as people wouldn’t want to spend it on frivolous things and only use it to buy things they really need.
I don’t really know where I stand, but I have come to doubt my initial concerns over deflationary money and I wonder what others think about such a radical shift.
- Werewolf255 4y agoWhile this is the most thoughtful comment, it seems like without the effective equivalent of population caps, price controls, and a large redistribution network, a deflationary system would involve people fighting over progressively smaller pieces of the pie, while those who have more than enough continue to take a smaller amount of their resources over time until the effective expenditures of the wealthy are effectively zero. This also would effectively bar new entrants to the system, so children, those with little access to tech and energy resources, and those in developing counties.