Be nice
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The world economies slow down probably.
At negative inflation there is no incentive to spend your money because is becomes increasingly valuable the longer you hold it. With high inflation, there's incentive to spend because the longer you keep your money in the mattress the less it's worth to you.
At zero it just is, but that's less than the usual goal of a couple percent of inflation year over year.
Or maybe I'm full of shit idk.
No, that sounds about right. Deflation is pretty consistently devastating.
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if the US dollar crashes then Bitcoin would do the same, with that drawback why not just use the dollar? (I know nothing about crypto)
Less tracking? Marginally lighter physical wallet? Idk, crypto is a scam as far as I can tell. Sure you can make a whole bunch of money and we've decided its legal but its somehow both an investment where you can make and lose millions and a currency to pay for absolutely nothing I've ever seen. If there was just one or if a few were based around NAFTA, BRICS or EU whatever it could make sense. But every scummy podcaster and 4chan memer makes their own to scam the participants.
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Most cryptos are deflationary. That seems to cause hoarding.
Having no inflation sounds good to me if paired with no growth in population, but I know little about economics.
I wasn't even considering crypto. Thanks for the insightful example.
That's an interesting point. I wonder what it would look like if inflation were targeted to population growth percentage rather than a fixed number.
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I wasn't even considering crypto. Thanks for the insightful example.
That's an interesting point. I wonder what it would look like if inflation were targeted to population growth percentage rather than a fixed number.
You're welcome! I like my floss to stay the same price.
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Judgemental stare
I felt that like: ಠ_ಠ
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I'd enjoy the topic at a less busy time of life. I'm being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that's just from my kid!
wrote last edited by [email protected]Fair enough. Thanks for taking the time to respond.
I'm being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that's just from my kid!
Hiyo! I really got a kick out of that.
You stay brave, Little Hitachi Wand.
Edit: Forgit tu spel gud
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You're welcome! I like my floss to stay the same price.
Same. I got one of those large dispensers like dentists use and the corresponding bulk rolls of the nice ribbon style floss to fill it. I only ever use the regular sizes for traveling now. Keeps costs and plastic waste down. I don't have to think about it for years at a time. It's a small thing, but I like it.
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Fair enough. Thanks for taking the time to respond.
I'm being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that's just from my kid!
Hiyo! I really got a kick out of that.
You stay brave, Little Hitachi Wand.
Edit: Forgit tu spel gud
You did say jokes were one of the options, and I didn't get nearly funny enough to cope with my trauma by skipping a chance to get silly.
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Housing.
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It now costs $1 to buy everything that a billionaire owns
I'd buy that for a dollar.
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You did say jokes were one of the options, and I didn't get nearly funny enough to cope with my trauma by skipping a chance to get silly.
I hear that. I take every chance I get.
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In their defence, they raised several valid points about the musical harmony between My Little Pony and eugenics that made my heart swell
I'm trying really hard to interpret this, but I feel like I'm missing some context.
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Star Trek matter replicator (batteries included)
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if the US dollar crashes then Bitcoin would do the same, with that drawback why not just use the dollar? (I know nothing about crypto)
To boycott Mastercard for banning porn games
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The assumed reason for inflation, as I understand it, is that on one hand things devalue over time and on the other we build our system around infinite growth and rewarding innovation (many asterisks here…)
During the Middle Ages, neither statements were considered true, the world was considered stagnant and there was virtually no inflation. That was before the banking system - so with 0% inflation i would expect the banks to collapse…
And then… I don’t know! Stuff is hard and economics harder…
Thanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
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Star Trek matter replicator (batteries included)
Hell yes infinite beans!
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I'm putting a 100% tarrif on $1
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It now costs $1 to buy everything that a billionaire owns
US government for 1 dollar? Count me in
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Hell yes infinite beans!
500 cigarettes.
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I can't believe you'd say that about OPs mother. Downvoted, reported, enjoy ur ban kid.
wrote last edited by [email protected]kid
Did you just insult them? Counter-ban
