Jeff Booth on nostr

Jeff, while I agree with you, I get Stu’s argument from my friends all the time. How would an economy thrive with a deflationary currency? Their argument is that the economy would contract because e...

Jeff Booth @Jeff Booth 1680798238

Their argument presumes that you people only purchase things because their money is losing value. It is false. And It borders on insanity people believe it WHILE at the same time using a phone that gets better every year, busing a computer or TV, eating food, etc.

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Bhodlr · 175w

I give them the same argument. 🤔 However it seems they believe that growth is what makes an economy healthy. The argument is that Apple, for instance, could not be successful without having prices rising. While it’s production efficiencies are increasing, it cannot repay its debts if it reduces...

exkn · 175w

This is a good answer, so many false assumptions in our economic thinking... The money manipulation is ultimately a political beast, as governments keep kicking the can down the road. It's not sustainable, but I fear the chaos that results is not going to make a transition to bitcoin easy or obviou...