4 ms·
Yes, it would drive consumption toward the barest minimum to live and investment toward zero. This is bad. > Yet it results in more spending but on what? Wel
by llamaimperative 2y ago
Yes, it would drive consumption toward the barest minimum to live and investment toward zero.
This is bad.
> Yet it results in more spending but on what?
Well near target inflation rates (which is a positive non-zero number) it results in a mix between consumption and investment.
This is good.
- tasuki 2y agoAre you saying low consumption is bad and high consumption is good? High consumption has been improving the economy, and destroying the earth. I'm not saying I have the answers, but it's not so simple.
- llamaimperative 2y agoNo, I'm saying that consumption at subsistence levels and investment opportunities having to overcome a deflation hurdle is bad. It is very good that the default thing to do with excess money is invest it.
- pshan 2y agoI'm not trying to strawman the opposing side, but I always found it ironic that many of the cryptocurrency proponents I talk to think that starting a business is amazing and innovation is important, but also hate inflation, which encourages those two things.
- llamaimperative 2y agoThey'd have to think at least one or two steps further than chart-go-up.