Comment Re:Stable Coin (Score 1) 48
Our modern Western economies are messed up.
But even before modern economics, inflation was a fact of life.
See what a house sold for in 1850 vs. 1900 vs. 1950 vs. now.
The modern era of economics started with unpegging of paper currency from gold started this cascade of events.
From that point, money was worth what the country as a whole produced.
And we have this continued growth imperative, otherwise it is called a recession.
That is why people not spending money is 'bad' in the view of modern economics.
Because spending money goes into other people's jobs.
If everyone sits on their money, then goods will not be sold, and no services will be delivered, making other people's jobs' vanish.
But it is what we have, until something better emerges.
Just like democracy