It is a good thing to be encouraged to saving instead of spending.
No one needs incentive to spend. You will spend if you have plenty to spend. Having a currency which gains in value will take you there.
No one needs incentive to spend. You will spend if you have plenty to spend. Having a currency which gains in value will take you there.
That’s some pretty fanta-dreamy-economics. How can it possibly be true for everybody? Money from heaven?
As a matter of fact crypto "currencies" are a rotten medium for saving due to their volatility.
Sure, they may go up in value. But then that's pure speculation, certainly not saving.
You cannot blame the theory, you cannot blame the system… we have a saying in Italy: opportunity makes the thief. Blame the people, not abstract entities.
Is a deflationary system better or a solution? I don't know.
Deflationary currencies have been an abject disaster in all fronts, and there is nothing particularly contentious about them from even the most contrarian of positions.