Re:Online abuse: banning anonymous social media accounts is ...
by imtringued on Friday October 22, 2021 @03:47AM
(#28954619)
You know there is this one odd argument behind the "deflation is good" narrative.
The problem with the argument is that the assumption is that the economy will just happily stand still and you only buy the things you truly want. We keep our money because there isn't anything we want to buy. The irony behind that is that businesses would become increasingly desperate to sell products to you which means they will increasingly attempt to manipulate you and convince you that you really want these products. After all, the business takes away your valuable appreciating "money" while only giving you a non appreciating consumer good. It is inherently a coercive relationship.
The problem with the argument is that the assumption is that the economy will just happily stand still and you only buy the things you truly want. We keep our money because there isn't anything we want to buy. The irony behind that is that businesses would become increasingly desperate to sell products to you which means they will increasingly attempt to manipulate you and convince you that you really want these products. After all, the business takes away your valuable appreciating "money" while only giving you a non appreciating consumer good. It is inherently a coercive relationship.