• SwingingKoala@discuss.tchncs.de
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    7 months ago

    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.

    • WldFyre@lemm.ee
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      7 months ago

      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.

      • SwingingKoala@discuss.tchncs.de
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        7 months ago

        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?