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It's a broken argument to assume you need inflation for a reasonable money system. If a money system becomes popular then the price of goods becomes cheaper in that money as it is more scarce.

Goods would be less sats over time.

Inflation is bad for everyone apart for the people who print the money, hence the mess we're in.



> It's a broken argument to assume you need inflation for a reasonable money system.

I think it's not so much about "needing inflation" as opposed to "avoiding persistent deflation", which is a much stronger argument for a reasonable system.

A currency everyone believes is going to persistently deflate will seize up and cease to be a real (i e. functional) currency that encourages and lubricates trades. Instead it becomes a hoarded speculative commodity, and users will seek a new replacement currency they can use for regular transactions to avoid touching their collection.

This has arguably occurred with certain cryptocurrencies, where many of the transactions are just wash trading, where someone makes disguised trades to themselves to prop up the price of the speculative commodity.


this argument is contrary to mainstream and popular economics.




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