Lysander Spooner on Nostr: This is in direct opposition to the Austrian school, which realizes prosperity ...
This is in direct opposition to the Austrian school, which realizes prosperity excretes only from win-win exchanges.
If you expect your 'money' to be worth more next month, you are less likely to hire Johnny to mow your lawn this month, costing Johnny his income and costing you the opportunity cost of mowing your own lawn.
Deflation discourages exchanges and encouraging HODLing, which is a completely opposing theory.
Published at
2023-05-03 19:54:37Event JSON
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