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When you invest in bonds, they are worth more tomorrow than they are today. So you would have the same incentive to put off spending as long as you could as you
by rufus_foreman 1y ago
When you invest in bonds, they are worth more tomorrow than they are today. So you would have the same incentive to put off spending as long as you could as you would owning a deflationary currency. If that is bad for the economy when you're holding a deflationary currency, it should be bad for the economy when you're holding an appreciating asset.
- strogonoff 1y agoI don’t think bonds are currency. You buy bonds, you spend money, now your money is doing something in the economy as opposed to if you just held on to it.