this post was submitted on 14 Sep 2023
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A deflationary currency would simply cause people to be more careful with their spending. You still need food, shelter, transportation, entertainment, etc. An inflinflationary currency encourages overconsumption, because material things hold value better than money.
If you’d like a world with zero discretionary spending then yeah, deflationary currency is for you.
I don’t think that’s an economy you want to live in though.