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I'm not convinced deflation is worse than inflation anyway. With deflation people hoard currency and with inflation they hoard assets.
by usrn 4y ago
I'm not convinced deflation is worse than inflation anyway. With deflation people hoard currency and with inflation they hoard assets.
- ephbit 4y agoI'd go even further: inflation is setting the incentive for full throttle in the economy. When you're seeing one extreme weather event after the other and a climate catastrophe is imminent, is it a reasonable choice to run the world economy at full throttle, considering that this economy is still based on ~ 80 % fossil energy? It's like when your car is speeding towards a concrete wall ... and you keep your foot on the gas ... because you "want to make a really fast turn to the side to avoid the wall".