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That's exactly the problem: People will (rationally!) limit their spending to bare necessities if they expect the currency they have on hand to strongly appreci
by lxgr 2y ago
That's exactly the problem: People will (rationally!) limit their spending to bare necessities if they expect the currency they have on hand to strongly appreciate over time.
- npoc 2y agoImagine that, having the option of saving your money for things you really want instead of being forced to spend it on things you don't, or risk lending it out for essentially free to compensate for the continuous fall in value.
- Ferret7446 2y agoThat implies that 1. it is a problem and 2. that people are rational. The latter is definitely not true, and the former is definitely arguable.