/biz/ - Business & Finance

>>56511235
Borrowing and spending aren't what create economic growth. Productivity creates growth. The fastest expansion ever of the economy/people's standard of living happened on a gold standard.

How do people take selfies and not think they look like massive monkeybrained retards

Do you wait to buy your computer because it will get cheaper in the future?

America / the west use to use hard currencies. Guess what. There was still economic growth. People don't borrow or spend because they fear inflation. They borrow and spend because they prefer present consumption to future consumption.

>>56511235
Maybe with the very same kind of economy we have now.

>I'll loan you 1 bitcoin and you only need collateral of 0.1 bitcoin.
>you work your job or whatever you do and get paid in bitcoin and pay it back
>bitcoin can be clawed back easily in the case of a default

The problem though is, you would have to divide up the non-inflationary asset into many, many decimal points. To the point at which your entire net worth would be represented by less than 1 satoshi, or less than a speck of gold. You would then need some sort of representative system (fiat) to be exact in how wealth is represented.

>>56511235
>infinite growth on a finite planet

Your kind deserve to get killed, commerce has existed since the very beginning of humanity and inflationary currencys have only caused our current planetary polution disaster and endless zog wars, fuck off retarded keynesian

>>56511235
>How would you create economic growth with non inflationary currencies?
Ah geez i dunno... increases in productivity?

Before the federal reserve was created in 1913, the US basically had no inflation. Yet obviously it was much wealthier and more developed in 1913 than it was when the country is founded. Real economic growth is created by building actually useful infrastructure, new technology that improves production, and most importantly, raising more children that are smart enough to build and develop that infrastructure and tech, printing more money is simply unneeded.

>>56511235
>spending if things get cheaper over time?
You are so fucking stupid, it's beyond real.

>>56511235
>We created economic growth (measured in USD) by devaluing the USD

>>56511235
Neither deflationary nor inflationary, but an inelastic supply of money would be ideal. People will always spend money, because the fact that they must continually pay for food effectively simulates inflation on a micro-macro level, if you're high enough to perceive from my perspective. You see, everyone needs more money all the time, because they must eat food to survive, and food costs money. Therefore, they earn money for food. They're earning money for food anyway, so they might as well earn a little more so that they can buy more food and some nice things to make the incessant pursuit of food more bearable. This triggers purchasing. Because the monetary supply is perfectly inelastic, the price of food remains relatively constant, and, by extension, the price of other goods & services.

The need for food is enough to take the place of monetary inflation in providing the impetus to incentivize borrowing & spending. Hunger is an implacable taskmaster, and starvation a very real punishment with final consequences and the beneficial feature of being relatively slow to kill, with gradual stages of hunger producing manic productivity out of sheer desperation.

>t. going to make some mac & cheese rn

>>56511235
Currency inflation is supposed to be linked to population growth. Otherwise money becomes scarce over time.

>>56511235
>gold back on its way up past $2000
>you were told at least three years ago when you could have had it for $1600
didn't read

I love how every pic is so HD now you can see people's zits and oily skin, really adds to the selfie

>>56511235
Gold is inflationary you moron
It automatically scales with demand for cash

>>56512315
What happened to the gold stock between 1776 and the fed?

>>56511235
>non inflationary currencies?
>gold/btcmaxi
both these currencies are inflationary you stupid fucking whore

>>56511235
I love how nobody here has the answer to this so here you go

price deflation is a result of economic growth, not the other way around.

deflation means capital is invested with more prudence, which leads to higher quality goods and services for all.

deflation means the advancements in technology pushing the price of goods and services to the marginal cost of production is actually occuring, as it should in an economy.

we have lived through the greatest technological innovations ever in the last 30 years, and prices haven't fallen. they've increased. increased faster than wages.

The entire benefit of technological advancement you could be experiencing is being siphoned away by your centralized currency inflating. by the cost of money being near zero. by the countless zombie companies evaporating capital as a result of being able to borrow it for free, and producing something that costs more capital than it creates.

>>56511235
you don't cause "economic growth" by their modern metrics
with a metals backed currency non inflationary, or not very inflationary atleast... the quality of life per unit of gold will go up as the society innovates.
meaning live should get better for savers.
unlike what happens