Yes, a deflationary currency may create the bizarro world to our current inflationary world.
Fewer salaried employees, more profit sharing.
Less debt financing, more equity.
Yes, a deflationary currency may create the bizarro world to our current inflationary world.
Fewer salaried employees, more profit sharing.
Less debt financing, more equity.
A deflationary currency is going to cause chaos and collapse, like it did during the Great Depression.
I’m surprised someone that works in finance fails to understand that.
The current inflationary system is based on debt. The future deflationary system won’t be.
No debt… no chaos.
Think about it. Businesses funded through equity. Employees paid through profit sharing. Prices for everything decreasing over time as technology makes everything more efficient.
I’ve thought about it, and history is pretty clear as to what happens under deflation. What does “no debt, no chaos” even mean? Like nobody can lend money or..?