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> I really want this in my currency. A deflationary currency that you own a disproportionate amount of is great. For you.
by creato 2y ago
> I really want this in my currency.
A deflationary currency that you own a disproportionate amount of is great. For you.
- not_really 2y agodid the person you are responding to say that he owns a lot of a given currency? How do you know?
- aboardRat4 2y agoQuite the opposite. If you own a disproportionate amount of INflationary currency, you are, you know, still a rich person who can afford investments, investment consultants, tax optimization experts, have preferential treatment from banks and personal relations with the government employees, so you're good anyway. Whereas if you're poor, you don't even have a chance to save enough to invest a little bit, because whatever you save today becomes useless paper tomorrow, so you're forced to spend, thus enriching service and goods providers, that is the rich. In a deflationary currency you actually have a chance to save some money for an investment, plan for tomorrow, or even next year, and not spend everything today while money still have today's value.