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Small nominal inflation encourages investment, whereas deflation incentivizes people to just hold their money in the form of cash.
by thomaspaine 13y ago
Small nominal inflation encourages investment, whereas deflation incentivizes people to just hold their money in the form of cash.
- jstalin 13y agoOf course, the other option is stability. I'm not saying that bitcoin's deflationary behavior is good, only that it challenges the accepted collective wisdom.