Fiat doesn’t just lose value. It trains you to spend.
Save → lose purchasing power
Spend → feel “smart”
So people buy earlier. More often. Things they don’t really need.
That’s not a side effect. It’s the incentive structure.
Bitcoin does the opposite.
Low time preference vs high time preference isn’t just theory, it shows up in everyday behavior.
Do you agree that inflation quietly drives overconsumption?
Posted by Myntad_com
3 Comments
Proponents of inflation love to argue that without it, we’d have a stable currency and the economy wouldn’t grow. Or worse, deflation and that would absolutely cause an economic crash.
I find it really sad that I can’t imagine a world where I could plan how much cash I might need years in the future.
Beautifully said. Overconsumption and over investment are directly tied to our money being a melting ice cube.
Bitcoin will end climate change when it’s adopted as money. People use this as a dig. “People won’t spend as much if we moved to a sound money”. Good.
It’s all part of the system and by design.
Get the masses to spend and overconsume using FIAT while the wealthy accumulate assets.