I don’t understand the argument that deflation will destroy the economy.
Will people stop eating, paying utilities, buy medicine, or pay for services just because their moneys value may increase tomorrow? What if deflation is slow and steady and the so called death spiral never happens?
What is you need those things now? Emergencies happen all the time.
Do we stop buying gifts for our children for their birthday?
The economy won’t stop, maga corps and governments just lose their control of us.
Where is my thinking going a wry?
#deflation
#bitcoin
scl
npub1sqc…f3n7
2024-04-18 21:35:12
Author Public Key
npub1sqctgrqggvest76c7c0mdjyyjyfjjp3pmdtna6kwvjc9s6g5regqg8f3n7Seen on
wss://nos.lolPublished at
2024-04-18 21:35:12Event JSON
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"content": "I don’t understand the argument that deflation will destroy the economy. \n\nWill people stop eating, paying utilities, buy medicine, or pay for services just because their moneys value may increase tomorrow? What if deflation is slow and steady and the so called death spiral never happens?\n\nWhat is you need those things now? Emergencies happen all the time.\n\nDo we stop buying gifts for our children for their birthday?\n\nThe economy won’t stop, maga corps and governments just lose their control of us.\n\nWhere is my thinking going a wry?\n\n#deflation\n#bitcoin",
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