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> A deflating currency might disincentivize spending, but it won't halt it. And what's so great about incentivizing spending? When you find yourself challengin
by adgar2 14y ago
> A deflating currency might disincentivize spending, but it won't halt it. And what's so great about incentivizing spending?
When you find yourself challenging the basis of nearly all economic theories, it might be time to step back from the bitcoin breadbowl.
- kmm 14y agoI don't know a lot about economics, so I don't see why spending is always the best thing to do. Maybe spending doesn't lead to the best allocation of resources, as I could be blocking someone from using resources I bought, but cannot utilise as well as the other person could.
- adgar2 14y agoNever spending is at odds with mainstream economic theories. You are proposing reducing spending without any particular bound beyond "necessity." If you want our economy to be based on food, water, and shelter, just say so. But it will conflict with how the rest of us want the world to work.
- MordinSolus 14y ago> When you find yourself challenging the basis of nearly all economic theories Keynesian economic theories. And look at where they have gotten us today. Saving is a good thing, despite what many economists say.
- prodigal_erik 14y agoNot always. Saving means I'm foregoing some consumption today in favor of undetermined consumption tomorrow. If everyone saves too much, we aren't taking full advantage of our production capacity today (because we don't know yet what they will want, and it may be perishable anyway). It's like traffic, rush hour is bad because everyone waited rather than using the highway when it was idle mid-day.
- adgar2 14y agoSaving is a good thing. Never spending is a bad thing. My parent poster was questioning the latter. Not the former.