BITwise 🐳 >>= RIGHTish on Nostr: You're literally describing debasement and touting that as an economic stimulus. It ...

You're literally describing debasement and touting that as an economic stimulus. It is the exact failed fiat system we are trying to get away from.

Yes inflation makes people spend their money today instead of tomorrow. But it incentivises people to spend ALL their money immediately. It maximizes current consumption and requires infinite expansion just to maintain itself.

Your incentiviaing greed (spend, buy, consume) by saying if you dont do it now itll be worth less later. Holding economics at gunpoint isn't great monetary policy.