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@ Mr. Hazey
2025-05-09 07:33:55
The high velocity trash economy creates a rat race but does not make anyone richer. Money velocity is only one factor, something Keynesians like to focus on. But significantly, there are unending technology and productivity gains. For example, the quality of food we eat today would cost a fraction of what it used to if not for inflation. And a money that does not bleed value would be safe to hold, freeing up real estate and bringing down the biggest living expense. Saving would again be a virtue. People could buy things with savings instead of debt. Quality of life would improve.