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We already have money that loses value by design (the target inflation is "a bit over zero").
by m_eiman 17y ago
We already have money that loses value by design (the target inflation is "a bit over zero").
- Tichy 17y agoBut that is not inherent to the money, is it? It is the policy of the money issuing entity. The Freigeld proponents want money that automatically loses value. Like the guy int he article mentioning that "money" in the middle ages would decay (because it was biological stuff). That's why I worried that he might be one of the Freigeld people.
- m_eiman 17y agoNot inherent in the bills and coins, but in the economic system they're part of. So we could change the system and keep the physical money, of course.