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by juped 879 days ago
No, because it's a boogeyman.

The world should get richer, and things should get cheaper. Creating wealth is good.

2 comments

Making those with money able to buy more tomorrow than today will make all sales plummet... all real needs go unmet and all efficient loaning of money cease.

Holding your breath will leave more oxygen for whoever survives .... but there won't be as many who need it left alive.

Deflation is deadly unless you worship coins as the only valid measure of economics.

Tell me more about the spectre of the nonsense world where everyone sits around starving to death because they're too wealthy and food is too cheap.

Or don't, I've heard it hundreds of times, and it's still nonsensical, and it's unbelievable that people are being constantly harmed by inflationary monetary policy on such a ridiculous justification.

It's not only things that you will get for a lower amount of currency, but also labor.