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@ Kanzan
2025-05-16 01:56:10
people will always buy necessities, thats why they're necessities.
it isn't like we've had the last 50 years of technological growth DESPITE fiat money.
fiat money paid for it.
your smartphone, the Internet and the the rest of it exist largely because of easy money.
if all that capital allocation just went away things would be very different.
we can debate back and forth about where exactly things would land
and whether it would be better or worse than the current situation.
i think it would be mostly better.
but growth would grind to a halt because of this retarded idea that monetary inflation is just bad.
EVEN if monetary inflation tracks with economic inflation and purchasing power remains unchanged.