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An economy is a closed system - if some are saving, others have to spend to keep the music going. If we all stop spending, we get into a depression, where peopl
by skylan_q 13y ago
An economy is a closed system - if some are saving, others have to spend to keep the music going. If we all stop spending, we get into a depression, where people lose their jobs, and the economy isn't working to its potential - all because the currency is rising in value.
http://en.wikipedia.org/wiki/Long_Depression#Interpretations http://en.wikipedia.org/wiki/Long_Depression#Interpretations
Consistently low unemployment, improving productivity, constantly increasing real value of wages, corporations struggling to earn a profit. A Currency that doesn't constantly lose value seems like a not-so-terrible proposition. God forbid, people end up having savings to live from.