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No. You’re confusing incentive with entitlement.

In a deflationary system, holders earn increased purchasing power because they delay consumption, which is itself a form of economic discipline, not parasitism.

Investors have no guaranteed nominal growth. they must create real value, otherwise they simply don’t earn capital at all.

The fact that unproductive capital fears deflation proves its fragility.

Permanent mild deflation driven by productivity is not a bug - it’s the healthiest form of wealth distribution.

And please stop whitewashing Keynes: he was the pioneer of government monetary control, even if today's MMT supporters are now even surpassing him.

You’re not debating Bitcoin maxis - you’re debating economic reality.

Hanshan 6mo ago

Yes I'm aware of the maxi rhetoric about fiat everything and how Bitcoin fixes it.

That doesn't mean setting up structural deflation is a good idea.

so your stance is

because of the buyers virtuous restraint

they somehow "earn" greater purchasing power

and that increases as to the amount of total economic expansion that occurs, which they had nothing to do with.

sounds very scientific.

I didn't "whitewash" Keynes, I corrected your mistake that advocating for amounts of monetary expansion is a Keynesian position. It isnt.

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Mouhead 6mo ago

The saver earns purchasing power because they delayed consumption and allowed capital to be allocated by others who took the risk.

Without savers, there is no capital pool to finance production at all.

The increase in purchasing power is the market reward for patience and for not consuming scarce resources prematurely.

That’s called time preference, a term in austrian economics, long before bitcoin.

Hanshan 6mo ago

Yeah yeah human action.

Mises didn't argue the money supply should be set up so that AS MUCH AS POSSIBLE it was structurally deflationary.

just that a tendency towards deflation was natural and good.

and I'm not disagreeing.

Mouhead 6mo ago

You're based, fren. For me, there's nothing negative about the amount of money going down. Most people don't even understand money.