wildcatfish on Nostr: You are correct about technology, and like Jeff Booth says, the natural state of free ...

You are correct about technology, and like Jeff Booth says, the natural state of free markets is deflation. The problem is that deflation in a credit based system is disastrous (1929) and must therefore be unnaturally manipulated by constantly expanding the supply. Ask why does the fed have a 2% inflation target? What is magical about 2%? Nothing. But it's high enough to hopefully avoid collapse and low enough that hopefully you don't notice how much is being stolen from you.