Because over time total productivity increases and the nominal cost of production falls. So you're always in the position of representing the value of *more stuff with the same quantity of money.
You end up disincentivizing economic activity because it's better to hold your money unless you have some surefire get rich scheme.
In other words, a little supply inflation is good acchually.
Han Shan
npub1lx…6svxa
2024-09-29 12:13:59
in reply to nevent1q…5yls
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaPublished at
2024-09-29 12:13:59Event JSON
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