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> it's not even a good reason, because it forces me to spend money. It doesn't force you to spend money, it does however attach a cost to you hoarding your cu
by kybernetikos 14y ago
> it's not even a good reason, because it forces me to spend money.
It doesn't force you to spend money, it does however attach a cost to you hoarding your currency. This makes sense, because you're harming the system as a whole by hoarding. If you were allowed to hoard currency without paying some sort of price that would be an externality.
- snitko 14y agoNo, I'm awaiting a good opportunity to invest. If in my judgement there's currently nothing good on the market that I can invest into, why should I be paying the price? I don't quite understand. If you want my money, make something I want to buy/invest into. Inflation forces me to spend money on things I otherwise would not buy. Thus, it promotes goods and services that are not quite as good. Also, I don't understand why do you consider hoarding a bad thing? If you agree that I honestly earned the money, than you should also agree that I am free to do with them whatever the hell I want. Currencies controlled by governments tax me with inflation, bitcoin doesn't (or at least, it's predictable, open and not controlled by one organization). Upd: attaching additional costs (because there are other costs that are inherent to hoarding, like lost opportunity costs) is, in my view, forcing. It makes me it more likely that I spend the money. Let's not debate semantics.
- sigkill 14y agoThis is a very interesting discussion. I now take away that hoarding money is like paying for storage costs, i.e paying someone so that you can keep your money.