bhodlr on Nostr: Jeff, while I agree with you, I get Stu’s argument from my friends all the time. ...
Jeff, while I agree with you, I get Stu’s argument from my friends all the time. How would an economy thrive with a deflationary currency? Their argument is that the economy would contract because everyone would hoard Bitcoins and stop spending. They would all just hoard bitcoins and not buy anything today because they would expect the prices to be lower tomorrow! And why would anyone invest in new businesses if the return on their investments only go down along with their products’ marginal costs? Being in the current system, I don’t have any convincing arguments against that!
Published at
2023-04-06 16:12:09Event JSON
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