this post was submitted on 16 May 2024
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[–] [email protected] -1 points 5 months ago (1 children)

deflationary economies are terrible for everyone

That's a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.

[–] [email protected] 1 points 5 months ago (1 children)

I don't think local economies from millennia ago are similar enough to compare to modern global economies with our current population boom. I think we could for sure have a different approach if our population was stable or decreasing.

[–] [email protected] -1 points 5 months ago (1 children)

worked fine for millennia without inflationary money

That means until the early 1900s or 1970s when inflation went into overdrive.

our current population boom

Huh what?

[–] [email protected] 1 points 5 months ago

That means until the early 1900s or 1970s

What a wide window, but I'd like to point out that the baby boomers generation happened right around this time.

Huh what?

Fertility rates and total population numbers are not the same thing.