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> The former is actually being used to run businesses run businesses? to say nothing about whether those businesses are sustainable or actually generating weal
by taolegal 4y ago
> The former is actually being used to run businesses
run businesses? to say nothing about whether those businesses are sustainable or actually generating wealth & human prosperity. if you look at all the worst aspects of the economy, they're based in expansionary monetary policy and high time preference
> inflation as the thing that keeps money in circulation
it keeps people spending money on usually wasteful things and incentivizes the consumption of cheap goods, if you want an economy built on prosperity and enduring goods, you need to actually incentivize saving (not wasteful consumerism)