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by kubanczyk
1920 days ago
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You don't need inflation with gold but you do need inflation to run the economy. Because no one sane lends money at 0%. Or at -1%, with deflation. Lack of lending brings investements down. Lack of investments brings growth down. The old companies keep grinding old way. The rich pocket money as a super safe way to get even richer. Stagnation. See: Keynes |
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