XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 on Nostr: "If money grows in purchasing power, people won't be incentivised to spend it. That's ...

"If money grows in purchasing power, people won't be incentivised to spend it. That's why #Bitcoin is not a good money!" - MMTers

Bro, I just spent 32,000 #sats to buy all this cheese, because I tasted it yesterday and it was so good that I had to go buy up a bunch more 😂

I didn't need to buy any more cheese, because I already have like 8 types of cheese in my fridge.

But I know it won't be on the shelves for long, because it's only seasonal.

The moral of this is that people are always incentivised to spend, even money that grows in purchasing power, as long as they're happy with the quality of what they're getting.

The only things people are not incentivised to spend their growing purchasing power on is bad quality things, a.k.a. things they don't value.