4 ms·
Dollars that people hold onto, instead of using to purchase something else of value, are effectively worthless to everyone.
by empthought 6mo ago
Dollars that people hold onto, instead of using to purchase something else of value, are effectively worthless to everyone.
- rationalist 6mo agoThat means there are less dollars in circulation, which is the opposite of inflation.
- empthought 6mo agoYes, I wasn’t clear. I was offering a reason why dollars “losing value” is not actually a thing to worry about. If they didn’t lose value, people would hold onto them instead of spending them. Which is objectively a loss to everyone, regardless of how you decide to denominate it.