Some Stanford economics professor may have given Nick Maggiulli about 20 years ago. The sad part is that he has learned nothing about reality since. Keep it real, Marty. PV.
The ability of money to increase in purchasing power over time has been made impossible due to the fact that central banks have a baked in inflation target that they use to create price stability.
The idea that saving money is bad has led to this policy.
https://tftc.io/martys-bent/higher-savings-are-good-for-economy/
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