zforce on Nostr: What the people around you likely are trying to say is that sound money is inherently ...
What the people around you likely are trying to say is that sound money is inherently deflationary in a productive society, but not from a monetary standpoint. They’re confusing CPI inflation/deflation and general prices going down with the actual money supply deflating.
With a fixed amount of currency, any new wealth created in the world gets priced in and causes prices of everything to fall over time.
Published at
2023-03-16 23:58:00Event JSON
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