Join Nostr
2023-03-15 21:12:48 UTC
in reply to

2PacStackur on Nostr: Deflation is bad in a inflationary system because without growth the system collapses ...

Deflation is bad in a inflationary system because without growth the system collapses on itself.
Removing monetary inflation allows market prices to be based purely on market supply and demand forces, instead of manipulating market conditions. Goods and services will get cheaper over time just like how cost of technology is deflationary.