I give them the same argument. 🤔

However it seems they believe that growth is what makes an economy healthy. The argument is that Apple, for instance, could not be successful without having prices rising. While it’s production efficiencies are increasing, it cannot repay its debts if it reduces prices. Apple has to have prices rise because it has to service its debts. The argument continues. How can Apple invest in greater amounts of capital equipment without borrowing money first? It would need debt for that. Then later, sales would provide the money to pay off the debt. My answer to that is Apple would have to save enough money to invest in the capital equipment first. The response to that is “fine for Apple… that have lots of money but how would a startup get going without debt? …and if the value of money keeps going up, why start a new business if the return on savings incentivizes just hodling?”