This is in direct opposition to the Austrian school, which realizes prosperity excretes only from win-win exchanges.
If you expect your 'money' to be worth more next month, you are less likely to hire Johnny to mow your lawn this month, costing Johnny his income and costing you the opportunity cost of mowing your own lawn.
Deflation discourages exchanges and encouraging HODLing, which is a completely opposing theory.
Lysander Spooner /
npub1av…qmfgw
2023-05-03 19:54:37
in reply to nevent1q…ufwm
Author Public Key
npub1avmz5jk4c409lupvak5ra244m06w30s840kz2c2mkt37h0lhh4sskqmfgwPublished at
2023-05-03 19:54:37Event JSON
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