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If we operated on a deflationary currency, the value of your labour would be tied to cost of goods, and your salary would decrease each year, while the rich con

If we operated on a deflationary currency, the value of your labour would be tied to cost of goods, and your salary would decrease each year, while the rich continued to accumulate more of the proportion of cash. Working people would still have to spend most of their income on survival, while the rich would be free to sit on piles of deflationary currency and become even richer. In an inflationary currency, the rich invest in assets that aren't affected by inflation. Inflation is not the problem in this scenario. Hoarding wealth is. This would be increased with a deflationary currency.

silent_cal 3y ago
I think this is just propaganda that you've accepted. You think it's bad if things get cheaper? And you think people would just sit there while their employer decreases their wages every year? Not going to happen. Also, we already get wage decreases each year because of inflation. If you don't get a significant raise every single year you're losing purchasing power. And even then, you have to wait a whole year. The fact that people don't realize this is already happening is part of the scam.
- bradjohnson 3y ago
  > I think this is just propaganda that you've accepted. It's just logical inference. Your point of view shallowly considers everyone as consumers without thinking about the fact that if "things get cheaper", that means that labour has also gotten cheaper. You assert that people won't "sit there" while employers reduce their wages, but that's exactly what would HAVE to happen in this system. Otherwise the company would go under because their product or service gets cheaper each year, but labour stays the same or increases in cost. Especially under capitalism which demands constant growth. It simply would not make sense to pay someone the same price for a bushel of wheat when the cost of bread has reduced to a fraction of its original price. I don't know why you say that it is propaganda to acknowledge this extremely simple logical inference.

silent_cal 3y ago

I think this is just propaganda that you've accepted. You think it's bad if things get cheaper? And you think people would just sit there while their employer decreases their wages every year? Not going to happen. Also, we already get wage decreases each year because of inflation. If you don't get a significant raise every single year you're losing purchasing power. And even then, you have to wait a whole year. The fact that people don't realize this is already happening is part of the scam.

bradjohnson 3y ago
> I think this is just propaganda that you've accepted. It's just logical inference. Your point of view shallowly considers everyone as consumers without thinking about the fact that if "things get cheaper", that means that labour has also gotten cheaper. You assert that people won't "sit there" while employers reduce their wages, but that's exactly what would HAVE to happen in this system. Otherwise the company would go under because their product or service gets cheaper each year, but labour stays the same or increases in cost. Especially under capitalism which demands constant growth. It simply would not make sense to pay someone the same price for a bushel of wheat when the cost of bread has reduced to a fraction of its original price. I don't know why you say that it is propaganda to acknowledge this extremely simple logical inference.