Re:William Jennings Bryan’s “Cross of Gold” Speech
by philwelch on Monday June 18, 2018 @07:17PM
(#17342412)
That's kind of the point, right? Inflation encourages spending, but it also encourages investment, and your saved money can be invested in stocks and bonds, which also stimulate economic growth more than being stuffed in a mattress.
We are told that inflation is good because it encourages spending but i would argue that such an effect is being dimished because many deflationary assets are traded on liquid markets.