YODL on Nostr: I'll save up for a good argument then. Oh, you know what, I have just the thing. ...

I'll save up for a good argument then.
Oh, you know what, I have just the thing. Since you are clearly an economic expert, I'd like to know how you would respond to this challenge from my favorite monero friend... I'd be willing to pay 300 ϟ for it (not linking note as it risks drawing you into the fray)

"people will always buy necessities, thats why they're necessities.

it isn't like we've had the last 50 years of technological growth DESPITE fiat money.
fiat money paid for it.
your smartphone, the Internet and the the rest of it exist largely because of easy money.
if all that capital allocation just went away things would be very different.

we can debate back and forth about where exactly things would land
and whether it would be better or worse than the current situation.

i think it would be mostly better.
but growth would grind to a halt because of this retarded idea that monetary inflation is just bad.
EVEN if monetary inflation tracks with economic inflation and purchasing power remains unchanged."