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Comment by dnautics | Hacker News Reader

You do understand that exponential growth is mandated by our system of government? The government sets growth targets as a matter of policy, and to meet this growth target it inflates the currency, (key concept: inflation is a policy, not a rule of the universe) to stimulate economic activity. You don't have a choice to not participate in this.

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>key concept: inflation is a policy, not a rule of the universe

The money supply has to grow with the growth of the economy and population, and it's better to have excesses than shortages. Or should we infinitely divide a single dollar for everyone to use?

Growth of economic activity and population is a collective choice we are making . We may eventually have less of economic activity, population, or both .

>Growth of economic activity and population is a collective choice

Collective choice, not government mandate as the person to whom I replied suggested.

Begging your pardon, what evidence do you have to support your assertion that 'the money supply has to grow'?

The way I think of it is this: The fruits of techonological innovation are supposed to be the rising tide that lifts all boats; the mechanism by which it does this is by lowering prices. When you have systematic inflation, you are robbing the poor of their opportunity to get ahead and giving it to those who have first access to cheap money (wall street, political cronies, i.e. big contractor)

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