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I've never heard anyone tell me they were going to quit working because the US government wasn't printing money fast enough. I have heard people tell me they w
by sidewndr46 4y ago
I've never heard anyone tell me they were going to quit working because the US government wasn't printing money fast enough.
I have heard people tell me they weren't making enough money to cover their expenses on a month-to-month basis as a result of cost increases. These happen to correlate with inflation.
There is no way an economy would stop just because there was no inflation. Would Microsoft suddenly decree that if the US government won't print US dollars, it won't sell you a Windows license key? Even in the case of extreme deflation, it only becomes an issue when you have people trying to do weird things with physical currency like cut a penny into 1/4s and use it to buy different goods.
- colinmhayes 4y agoThe people who couldn’t afford their expenses due to rising costs likely would have lost their job in the recession that was averted due to inflation.
- sidewndr46 4y agoI really don't think we can call something "averted" if people can no longer actually afford to live.
- colinmhayes 4y agoThe recession was averted. The outcome was still bad, but it would’ve been much worse.