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Your work has a price too on which planet do you live. You didn't mention how you earn money.

The vast majority wants the price of their skill and labor go down? No I don't think so.

Isn't that what central banks already do when trying to maintain maximum employment?

Debase the value of your time, labor and savings so that you have no other option but go to take out a loan and work to death to barely survive.

Spoiler alert - most people hate that already.

Companies accepting or operating on Bitcoin have to adjust their prices down, as well as salaries paid in BTC, and honestly that's a non-issue as growing purchasing power more than offsets it and you have an increasingly stronger capital base to work with as time goes by.

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Discussion

frphank 1y ago

Debasement means prices go up. That's fine.

- Both prices for income and expenses go up in lockstep. If your expenses go up faster than your income then you have a problem with the value of your work w.r.t. to other goods and services in the market, not a problem with inflation.

- Prices go up according to a pre-determined schedule, e.g. 2% a year. The government announces that beforehand. So this can be taken into account when planning financially. When inflation is higher than expected like last year in many countries then that's a problem for planning and the economy will take a hit. We could probably do with a better government. But nothing wrong with inflation as such, I can plan with it just fine as long as they tell me beforehand.

EZ 1y ago

Works (in select few areas of the world) until it doesn't, I like to plan ahead with inherently more stable things.