Re:Taleb: Bitcoin, Currencies, and Bubbles
by verall on Thursday June 24, 2021 @03:08PM
(#27622431)
I completely agree, systematically, inflation his poorer people more. This is not a prerequisite for inflationary money systems in theory, but it is the state of Earth's inflationary money systems.
A deflationary currency does not maybe benefit the already wealthy, it directly imparts "real value" proportional to held currency. If you have ideas for a deflationary system that solves this, through wealth taxes or something, I am all ears.
> somehow I don't need to hesitate which one (inflationary, deflationary) I'd rather choose
Because relative to most people, you are wealthy! How are young people supposed to find work in a deflationary system?
A deflationary currency does not maybe benefit the already wealthy, it directly imparts "real value" proportional to held currency. If you have ideas for a deflationary system that solves this, through wealth taxes or something, I am all ears.
> somehow I don't need to hesitate which one (inflationary, deflationary) I'd rather choose
Because relative to most people, you are wealthy! How are young people supposed to find work in a deflationary system?