Re:The Evolving Economics of Bitcoin, Gold and Fiat Currencies
by smokeyj on Wednesday November 01, 2017 @12:31PM
(#15602894)
> And why spend your money tomorrow when you'll get more stuff the day after tomorrow?
Right, we'll die of starvation because our money will be worth more in the future. Instead of paying rent we'll all sleep in cardboard boxes. Then the economy will grind to a halt and global warming will cease to be a threat. Thus resulting in the onset of another ice age. The reason you don't want another ice age is, it'll destabilize the snow-shoe equities market. It's all pretty self-explanatory. (This is how I imagine your typical economist reasons).
Right, we'll die of starvation because our money will be worth more in the future. Instead of paying rent we'll all sleep in cardboard boxes. Then the economy will grind to a halt and global warming will cease to be a threat. Thus resulting in the onset of another ice age. The reason you don't want another ice age is, it'll destabilize the snow-shoe equities market. It's all pretty self-explanatory. (This is how I imagine your typical economist reasons).