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Sure: if I buy today, I’ll be richer tomorrow. Ergo, the exact reason it’s a horrible currency for the system. It’s really just the infamous libertarian inabi
by llamaimperative 2y ago
Sure: if I buy today, I’ll be richer tomorrow.
Ergo, the exact reason it’s a horrible currency for the system.
It’s really just the infamous libertarian inability to consider the needs of the system as separate but still important and sometimes in tension with the desires of the individual.
It’s just a particularly goofy one because a deflationary currency very obviously cannot support an economy.
- KetoManx64 2y agoYou're right, It is a horrible currency for the system. How would we prop up the military industrial complex and wars with foreign third world countries if we could no longer print money out of thin air? Just dreadful to think about.
- llamaimperative 2y agoLol
- intalentive 2y agoThe US economy grew rapidly in the 19th century through long periods of deflation, particularly 1870-1896.