4 ms·
my 2 cents..i dont have a degreee in econs...ha! i think the problem is deflation, actually. which leads to 2 practical problems..lack of credit and hoarding.
by lazylizard 13y ago
my 2 cents..i dont have a degreee in econs...ha!
i think the problem is deflation, actually. which leads to 2 practical problems..lack of credit and hoarding.
shutting down the ability to spend newly created fiat money i suspect will reduce the amount of credit alot. that probably makes most businesses as we know them now unoperable.
hoarding is a social problem i guess. it just increases the wealth gap. not sure if most societies want that.