> That's why delaying purchases is bad
@Mr. Nessel
It's good. Families saves for their children or take more free time for their families. This begets cultural development and family values

> @Mr.Fisch（炫龙） wait, do you want deflation all the time or just some of the time?
@McFansy
The more the better

It begets them losing their job

If things getting cheaper, then you don't need to work that much

Thigns don't get cheaper

The fewer work can buy sufficient products to live, the better

Your currency just gains value

> Thigns don't get cheaper
@Mr. Nessel
Yeah, because inflation

> Your currency just gains value
@Mr. Nessel
That's good

You don't understand what I'm saying

Then go on

Your currency is able to buy more stuff not because stuff is getting cheaper but because the currency is appreciating

> Your currency is able to buy more stuff not because stuff is getting cheaper but because the currency is appreciating
@Mr. Nessel
Where is the difference?

So currency becomes an asset you hold on to rather than fullfilling it's primary purpose of being a medium of exchange

That's good

No that means people disengagae from the economy

No

Because again, you have time preference

You can't delay mosy consumption

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

then switch to gold standard

You cannot delay most consumption