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For the record I agree that a hard cap is better than arbitrary centralized control.

But there are good reasons to be concerned that a permanently deflationary conditions are not optimal for human flourishing.

I don't think it should be at all controversial to say that deflationary conditions restrict spending and capital investment, which doesn't prevent maxis from reeeeing autistically every time it's mentioned.

its not "tends to deflate", it deflates by default if there is ANY economic growth whatsoever. That tendency will limit investment that creates economic growth, it's a self-reinforcing cycle.

I don't think there's any burden of proof on the subject, not only are they plenty of examples, its obvious in the "only 21M ever" hodl mentality of bitcoiners.

Kevin's Bacon 5mo ago

Why is limiting capital investment to only those who are good at it a bad thing?

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Kevin's Bacon 5mo ago

Questions Keynesians never ever answer:

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Hanshan 5mo ago

You don't limit it to only those that are good at it.

you limit it to only those who are confident that they can overcome the deflationary barrier to profit

and can convince others that they can do so as well.

Amaxis are greatly underestimating how big of a dampening effect that would have on the world economy.