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by dragonwriter
2183 days ago
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> Hypothetically, you could adopt an economic system that would not be affected by deflation, You need money to expire (or, more specifically, lose nominal value faster than deflation reduces nominal prices) if not spent, then people have an incentive to spend their money as they receive it even though nominal prices are decreasing, because you can't hoard surplus to immediate need money for future purchases at lower prices. |
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