| > Moderate inflation is a feature, not a bug. Maybe from your perspective. From mine, it's as unwelcome of a "feature" as malvertising. If I can choose to opt out of this "feature", I will, and I do. Thank goodness we have the legal freedom of choice to do so, and that bitcoin really exists, rather than still just being a concept on paper. > It encourages people not to hoard currency for too long, which keep the economy humming along.
Who defines 'hoard' and 'too long'? If your definitions don't match mine, why should I be forced to respect your opinions? Simple answer: I choose to ignore them, because I can. I don't recognize anyone's right to devalue the product of my labor, even if they do it "for the good of society as a whole". Society's well-being isn't my problem, my well-being is. >And one of the reasons that neither the Great Recession nor the covid pandemic turned into Great Depression II is that the Fed opened up the floodgates. You want to talk about real bubbles? Look no further than the increase in value between securities and house prices relative to average incomes. That's the fed's money spigot. It didn't save the day, it just hyperinflated the bubble. |
This bit I agree with, although I would add that salary (i.e. plain cash) alone as the fruit of labour is insufficient and unfair, and amounts to wage slavery.
> Society's well-being isn't my problem, my well-being is.
Those are interlinked, as living in a bunker is not good for your wellbeing.