Message from @[PBSr] Deadeye
Discord ID: 701185370955579424
Like eating, clothes, housing and drinking
It doesn't matter if it is individually good for your to delay consumption when society is burning because everyone is
Inflation just makes shortrun consumption and therefore degeneracy attractive
Or it incentivizes investment
What is worse is cheap loans
> It doesn't matter if it is individually good for your to delay consumption when society is burning because everyone is
@Mr. Nessel
That's the problem... That's why socialism with taxation and inflation destroys tje wealth of average famikies
Therefore they rather go sex drugs rock roll instead of saving for children's college e.g.
No that's precisely the point against deflation
Everyone beign a rational actor in this case is fucking horrendous
It crashes the economy
Noo
It doesn't
Only if there is an inflationary credit bubble
Tell me how the economy doesn't crash if people don't spend money
It crashes because of inflationary credit bubbles
No
It crashes because deflation causes it to not run the factories since nobody is buying anything
Again
You need to buy goods to live
Yes, essentials
You cannot delay most consumption
You realize you can buy gold under a fiat system
No need for your autism
people dont stop buying goods under deflation
Yes, and fiat gold is like a stable shadow currency
they simply spend less
Or buy more
They delay purchases
yes
That's good
they delay thats the good part
That lowers the time preference
If a car is getting cheaper week by week and everyone refuses to buy it the car factory owner will shut down production and fire his workers
if they didnt theyd spend the excess on partying and fucking
Those workers will not be able to spend money on things like cars to begin with
then why is the car cheaper?
This spirals out of control
> If a car is getting cheaper week by week and everyone refuses to buy it the car factory owner will shut down production and fire his workers
@Mr. Nessel
That's good, because mkre people can buy more cars
> This spirals out of control
@Mr. Nessel
No, because at some point someone needs to buy
The car gets cheaper because by the week the currency is appreciating