Post
Topic
Board Economics
Re: Is deflation truly that bad for an economy?
by
Maegfaer
on 06/03/2015, 16:45:04 UTC
So, given that we were at %2 inflation, why not just leave it there since contracts already take that into account? Why call for unneeded pain by calling for switching to a currency with deflation when the benefits are an illusion?

I disagree that there are no benefits. The currency would be a better store of value for one.

Also, we want a different economic system, one that is more free and more sustainable, where common people don't become debt slaves en masse and the banking pyramid doesn't rob people en masse. Where the main currency isn't money by decree of government but by choice of the majority of individuals.

If people are going to pick a currency themselves they're probably not going to pick one that constantly devalues. It's nice to be able to have savings in money that doesn't vaporize over time.