Well yeah but… Fake money, is “real” money real? The support structures behind bitcoin and dollars or euros are different and both have positive and negative aspects. All in all bitcoin is worse, mainly for the power usage, but if it comes to ease and speed of transfer for the average user bitcoin rules. I guess we can mostly thank banks for that.
This raises the question of how much pollution is created by the dollar in the form of increased consumption from shortened time preferences. The dollar inflates to encourage people to spend more now instead of save, so that the economy gets bigger.
That’s not how it works. When you invest into the stock market, it actually beats inflation in the long run. So inflation doesn’t actually make me spend any more money than I would otherwise, since investing it would still later improve my buying power even more
You mean that investing in the stock market is a hedge against inflation? I can’t argue with that. But not everyone has money to invest in the stock market after rent, bills, food etc. Unless your wages/benefits rise in line with inflation or you have money to spare, you basically only have the option of buying worse stuff or simply going without it.
Well yeah but… Fake money, is “real” money real? The support structures behind bitcoin and dollars or euros are different and both have positive and negative aspects. All in all bitcoin is worse, mainly for the power usage, but if it comes to ease and speed of transfer for the average user bitcoin rules. I guess we can mostly thank banks for that.
This raises the question of how much pollution is created by the dollar in the form of increased consumption from shortened time preferences. The dollar inflates to encourage people to spend more now instead of save, so that the economy gets bigger.
Man it’s so brutal when you think about it like that. Inflation is theft by the back door.
The feds job is to force people to stay productive. It’s a feature, not a bug.
That’s not how it works. When you invest into the stock market, it actually beats inflation in the long run. So inflation doesn’t actually make me spend any more money than I would otherwise, since investing it would still later improve my buying power even more
You mean that investing in the stock market is a hedge against inflation? I can’t argue with that. But not everyone has money to invest in the stock market after rent, bills, food etc. Unless your wages/benefits rise in line with inflation or you have money to spare, you basically only have the option of buying worse stuff or simply going without it.