HanShan on Nostr: Because over time total productivity increases and the nominal cost of production ...
Because over time total productivity increases and the nominal cost of production falls. So you're always in the position of representing the value of *more stuff with the same quantity of money.
You end up disincentivizing economic activity because it's better to hold your money unless you have some surefire get rich scheme.
In other words, a little supply inflation is good acchually.
Published at
2024-09-29 12:13:59Event JSON
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