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They already do abuse it and cash isn't a solution to that because even if your savings are in cash the value stolen from you though inflation.

BTC is the only escape hatch.



What is it with crypto people and thinking deflation is a good thing?


I think it's in their interest since they're using crypto as an "investment" rather than a means to exchange goods and services. Moreover, it's probably hard to envision as an issue as long as it works to their advantage and concentrated amongst a few in a form of digital currency.

Then again, I rarely hear anyone discuss the benefits of inflation (I didn't say hyperinflation).

"This damn inflation is making my mortgage payments significantly less than my payments from 10 year ago!" said Nobody


Well, inflation isn't making prices (services, goods) lower.

Aren't there many people who have low/no debt, and those people are only hurt by inflation? What about savings?

I'm not an economist, though, and still struggling to understand the roles that inflation plays in the economy.


I'm far from an economist myself... but there is relevant debt beyond individuals' debt. There is national, foreign, state and city, etc... an argument could be made that some of this debt is even exported abroad.

Inflation, might not make goods and services cheaper, but it can have an effect that can be used to one's advantage.

I've already mentioned mortgages, but it might be the same with many other loans and services. Assuming interest rates are low enough (if not zero), then deferring the whole payment means that you retain money to work for you, as well as take advantage of the effects of inflation on the overall financed amount as long as the period is long enough.

Locking in service rates (grandfathered) can work to your advantage as well, depending on the service agreements of course.

I'd say there are a lot of people with bad debt, but often times that comes as a result of hardship, or just bad financial decisions and life choices.

Those that have no debt are probably not going through financial hardships, but should probably start accruing manageable debt to avail from the effects of inflation, retain more money so that it can work for them, and build credit history to become more debt-worthy.

Saving money is just losing money due to inflation and lost potential. It's a difficult one bc we all know we should keep a certain amount of money just in case, and putting it somewhere where it's working for you but still liquid if needed is quite difficult. If times get hard and you need to liquidate your investments, chances are that you will be losing a lot bc when times are hard, investments are down.

Saving money is really quit discourage, and there are some pretty compelling reasons why this is a good thing. Money that is saved is usually money that is out of circulation. As a result, it's not doing any "work" and fewer goods and services are purchased and economies slow as a result.


Because we don’t think anything can be worse than what we have now.


There are many deflationary, liquid assets other than BTC.




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