Just accept that you're willing to shit on the planet to make a few bucks, it's fine.
Just accept that you're willing to shit on the planet to make a few bucks, it's fine.
Clearly the market doesn't think so. Nearly every asset class is getting inflated in the past year, in the middle of a pandemic no less.
Inflation encourages money changing hands. The market has absolutely fuck all to do with it.
Your bitcoin will have gone sideways three times, jumped up and down. Could be tripled. Could be halved. Still controlled by three chinese farms who could double spend at any point should it become less valuable.
Even as a hardcore socialist, it's worrying that cryptobots have failed econ 101.
Because you're hungry and your fridge is empty?
Inflation creates artificial demand and drives consumerism, thereby arguably causing more resource usage/wastage than would otherwise be the case.
Depreciating money means that people's time horizon narrows and they're thinking more and more of the present at the expense of the future, causing all kinds of negative externalities.
Capitalism is actually supposed to make things cheaper, by virtue of competition spurring everyone on to be more efficient and economic with their inputs in order to provide cheaper and better products.
> Were those currencies to deflate, it would literally be more beneficial to not touch them.
This is such a silly, hyperbolic argument. People need to eat, they have other desires than just hoarding money, there will always be reasons to give out money and therefore there will always be reasons to provide goods and services for that money.