this post was submitted on 15 Oct 2023
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Deflation would actually make capitalism somewhat ok. It would stop people from buying useless shit and automatically reward the poor who can save a little but don't know how to invest. That's why I Bitcoin
The wealthy are already rewarded today. We measure wealth in dollar equivalent but wealthy people don't own the currency, they own almost everything in stocks and real estate
It wouldn't for the rich but the poor would benefit too