How does that affect prices?
Discussion
well
thats upward pressure of course
and because growth is deflationary (downward pressure) an equilibrium is reached somewhere
between growth and peoples reluctance to spend
I'm contending that under a hard cap of monetary units
that equilibrium is a stagnant economy where people ONLY buy absolute necessities as much as possible
I would be curious, how an aging population plays a role in this, in your opinion?
Also could be an interesting thing to think about that delayed gratification is hard: eating healthy, excercising, investing. Not something too many are capable of. Could be interesting if such people would change in a deflationary environment.