fizzyl on Nostr: I’m not sure that’s always true. Plenty of people would still invest if they want ...

I’m not sure that’s always true. Plenty of people would still invest if they want larger than nominal gains from deflation. Sure if there’s 15% deflation per year then maybe, but if it’s something nominal, people are still going to seek out larger gains.

Beyond that, people also like to feel creative and productive. Furthermore, since we aren’t necessarily born with capital, we need to produce in order to make money to even get to the point where we have savings.

There’s this boogey man scenario with deflation where for some reason everyone stops doing everything because their money gets more valuable. It just doesn’t feel realistic because that’s not a functioning system. Realistically we all still have needs and wants and to do that we need a way to exchange value.