How Inflationary Money Causes the Affordability Crisis
Contrary to the state-informed economists that make their living using technocratic arguments on behalf of the state, deflation is not a bad thing at all. Rather, it is a natural state of human affairs that encourages good decision-making by the consumer. Where there is deflation, I can get an increase in purchasing power by simply not spending my money. This means that when one goes to buy something, they must make the tradeoff between having some goods now and having more goods and services later—a natural tradeoff to make.
On the other hand, under inflation, we are incentivized to spend money on literally anything as it will necessarily be more expensive in the future. In this case, the value of money depreciates, which means you can choose between some goods now and fewer goods and services in the future.
https://mises.org/wire/how-inflationary-money-causes-affordability-crisis#:~:text=This%20increased%20production%20of%20money,specific%20goods%20they%20were%20buying.
https://fountain.fm/episode/ycBUVQKr8jO5bXY8RzLb
Michael Matulef
npub1t4…487qz
2023-11-01 14:26:03
Author Public Key
npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qzPublished at
2023-11-01 14:26:03Event JSON
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"content": "How Inflationary Money Causes the Affordability Crisis\n\nContrary to the state-informed economists that make their living using technocratic arguments on behalf of the state, deflation is not a bad thing at all. Rather, it is a natural state of human affairs that encourages good decision-making by the consumer. Where there is deflation, I can get an increase in purchasing power by simply not spending my money. This means that when one goes to buy something, they must make the tradeoff between having some goods now and having more goods and services later—a natural tradeoff to make.\n\nOn the other hand, under inflation, we are incentivized to spend money on literally anything as it will necessarily be more expensive in the future. In this case, the value of money depreciates, which means you can choose between some goods now and fewer goods and services in the future.\n\nhttps://mises.org/wire/how-inflationary-money-causes-affordability-crisis#:~:text=This%20increased%20production%20of%20money,specific%20goods%20they%20were%20buying.\n\nhttps://fountain.fm/episode/ycBUVQKr8jO5bXY8RzLb",
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