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I guess it comes down to whether you believe people are overly conservative with their money. Inflationary currency incentivizes investment, which is useful in
by sesqu 13y ago
I guess it comes down to whether you believe people are overly conservative with their money. Inflationary currency incentivizes investment, which is useful in a world with scarcity. But if you believe enough people spend too much on luxuries, deflationary currency wins out.
- notdrunkatall 13y agoWhat it comes down to is whether you think the increased growth from perpetually easy credit is worth the malinvestment and economic bubbles that come with it.