this post was submitted on 21 Aug 2023
875 points (94.3% liked)
Memes
45727 readers
960 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm sure if Bitcoin had the largest and most powerful military in the world it would have become the world reserve currency by now
Alright who wants to start a new country with me
Umm, I'm pretty sure I owe them sexual favors
Depends, will you have free market bears or communist big goverment animal control telling us how to secure our trash? /s
No because currency with built-in deflation is a bad idea. It would get scrapped very quickly.
Yes sir. Wouldn't want regular folks to be able to retain the value of their savings! Government's restricted to being fiscally responsible instead of printing their way out of problems with the hidden tax on the poor that is inflation? Ridiculous!
Read about the great depression or the deflationary economics in Germany right before the Nazis took power. Deflation sucks, we already experienced it and we don't need to try it out again.
Oof, that's not how economics works.
Inflation is good so long as wages are rising with it. It's killing us right now because wages are stagnating hard right now.
That's a feature not a bug.