3 ms·
As money wears out, gets lost, destroyed stolen, the total supply drops, pushing atomic value higher. It's hard to buy bread when 1 penny buys a Lexus. Also, t
by aliqot 4y ago
As money wears out, gets lost, destroyed stolen, the total supply drops, pushing atomic value higher. It's hard to buy bread when 1 penny buys a Lexus.
Also, the more money you print tomorrow, the less today's debt is worth.
- Aachen 4y ago> As money wears out, gets lost, destroyed stolen, the total supply drops, pushing atomic value higher. Indeed, this situation as described would be deflationary. OP asked about targeting zero rather than negative.
- aliqot 4y agoIt's not just the supply of money, if the supply of products go up this also affects the purchasing power of 0-inflated money.