As people rightly observe, that's just bank propaganda. When money is not plentiful, people will again start to be mindful about spending/investing it. Innovation/enterpreneurship will find a way to create value nomatter the amount of money. Regulations and licenses are the real killers of progress.
This line of thinking is also gov propaganda - credit expansion fueling budgetary spending and vague measures like GDP helps the state collect more taxes and also continue keeping people dependant on its social programs, none of which are benefitting the businesses keeping people from an arbitrary poverty line.
When the money is deflationary a bigger chunk will be kept in savings, meaning more of it will be available for investments in subjectively good undertakings.
Ike
npub16t…agvl3
2024-03-01 08:32:56
in reply to nevent1q…ddh8
Author Public Key
npub16t555cl3wd2pmssnsr6d44hld3tc87w8nn8c03l8ft539lzjpmtsgagvl3Published at
2024-03-01 08:32:56Event JSON
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"content": "As people rightly observe, that's just bank propaganda. When money is not plentiful, people will again start to be mindful about spending/investing it. Innovation/enterpreneurship will find a way to create value nomatter the amount of money. Regulations and licenses are the real killers of progress.\n\nThis line of thinking is also gov propaganda - credit expansion fueling budgetary spending and vague measures like GDP helps the state collect more taxes and also continue keeping people dependant on its social programs, none of which are benefitting the businesses keeping people from an arbitrary poverty line.\n\nWhen the money is deflationary a bigger chunk will be kept in savings, meaning more of it will be available for investments in subjectively good undertakings.",
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