Thread - Nostr Hypermedia

The ability of money to increase in purchasing power over time has been made impossible due to the fact that central banks have a baked in inflation target that they use to create price stability. The idea that saving money is bad has led to this policy. https://tftc.io/martys-bent/higher-savings-are-good-for-economy/

Replies (3)

nobody 2 years ago

One thing that I find amazing was that between the year the US constitution was written in 1787 and the year 1913, although there were periods of inflation and deflation within, the purchasing power of the US dollar stayed roughly the same during this 126 year time period. We were effectively on a gold standard during that time, but then something changed. #WhatHappenedIn1913

Dan 2 years ago

**Mind blowing up meme**

Toby McMann 2 years ago

Some Stanford economics professor may have given Nick Maggiulli about 20 years ago. The sad part is that he has learned nothing about reality since. Keep it real, Marty. PV.