"If money grows in purchasing power, people won't be incentivised to spend it. That's why #Bitcoin is not a good money!" - MMTers

Bro, I just spent 32,000 #sats to buy all this cheese, because I tasted it yesterday and it was so good that I had to go buy up a bunch more 😂

I didn't need to buy any more cheese, because I already have like 8 types of cheese in my fridge.

But I know it won't be on the shelves for long, because it's only seasonal.

The moral of this is that people are always incentivised to spend, even money that grows in purchasing power, as long as they're happy with the quality of what they're getting.

The only things people are not incentivised to spend their growing purchasing power on is bad quality things, a.k.a. things they don't value.

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the moral of the story is that the inevitable degradation of quality caused by constantly printing money and the slow rate at which wages rise along with it, especially if government dictates them (fascist style), this whole notion of deflation being bad is literally about the fact that deflationary money is not profitable for the money printers

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yummmmmmm

Bro, it's absolutely delicious

i can imagine... i was very impressed with goat liver and goat meat and venison are not so distantly similar

the common feature is that both animals are not grazers but browsers, and eat a lot of different kinds of plants, so their livers are not so taxed with one kind of poison