> they say that the fact that it is deflationary and can not see inflation is a good thing, when it is actually a bad thing. There is a reason the target inflation is at ~2% almost everywhere. We need inflation to keep the economy going.
And what is the magical reason why we need to keep the economy going?
We're burning through this planet's resources much faster than they are being replenished.
The economy needs to stop going.
If cryptocurrency causes people to use products until they fall apart instead of throwing away a pocket-size supercomputer every year then I am damn fine with that.
And what is the magical reason why we need to keep the economy going?
We're burning through this planet's resources much faster than they are being replenished.
The economy needs to stop going.
If cryptocurrency causes people to use products until they fall apart instead of throwing away a pocket-size supercomputer every year then I am damn fine with that.