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Replying to Avatar Hanshan

For starters, no.

The argument is NOT that "without inflation people will not spend"

The argument is that a *maximally deflationary environment* is not in the best interest of human progress.

Saifes explanation here is full of flaws.

Most people do not buy brand new phones, they defer purchasing until the new model is cheaper.

Yes people will still make purchases, for necessity and pleasure. A maximally disinflationary environment disincentivizes all capital investment and all purchasing as much as possible.

Using gold as an example of people spending on a hard money standard?

Gold has supply inflation bro.

Gold is evidence that a hard cap is NOT a requirement for good money.

The requirement is that supply is known, stable and requires Work.

All in all

very not convincing.

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bf
Gabe 0mo ago

I dunno I feel like most people are buying brand new phones. Maybe not a great example because it seems like you get the newest phone with a free upgrade now…somehow?

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Hanshan 0mo ago

its just me and the other poors buying last years model huh? 😂

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Gabe 0mo ago

Im still on an iphone 12 😂

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Hanshan 3w ago

but you bought it new !

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