Why is deflation a bad thing?

Inflation in the wrong hands though. Trustless inflation is the next big thing. Aka crypto.

this

Almost everyone, especially people in debt and who noCoiners.

They've done barely anything. In comparison when Germany went back to the gold standard their well-being sky-rocketed.

in 20 years they've 10x their GDP per capita, they've grown 15.8% on average for the last 30 years, life expectancy and literacy rates have sky rocketed. all this without handouts from any western nation and a population larger then Africa and just as poor.

Germany has done better but hey, can't both of them improve at the same time? prosperity isn't a race my friend.

How do you ever expect money if people always expect their money to become more valuable over time? Nobody will spend money on you today because it means they can spend less tomorrow. Inflationary currency is good because it values goods and services over the currency itself, which drives spending.

how the fuck is inflation a good thing?

bitcoins not a fucking currency you brainlet

Because the Jews say it is.
>goyim without the financial foresight to save $100 a month are going to starve to death for 1% annual deflation

Because jews can't let goyim prosper.

wew lad, let's not get into that debate.

the idea is in a micro economic sense, but in a macro sense, the entire economy and the entire populace would have less incentive to spend and consume. as little as it may seem you to, it has an effect.

You're seeing it now in crypto. Everyone is pulling out of quality alt projects because bitcoin going up is less risky. Its like if the value of the dollar were going up rapidly and everyone sold their shares of stock just to hold dollars, it would shrink the productive economy

Likewise, companies woukd start firing workers, because if the value of dollars is going up faster than the rate of profit of the business, it would make more sense for the business to just fure everyone and sit on its pile of dollars than it would to keep producing goods and services

the vast majority of the world is made of normies, who like normie things and need normie systems. they use debt as a tool for survival and will forever be living paycheck to paycheck as wage slaves.

the fringe people like us like deflationary things because we're smart with money for the most part, and we want passive forms of income.

so, bitcoin would be a good store of value if only the network is repaired with hard forks to make it scalable and stable. but because of the bcore vs miner fued, and the privatization of side chains/off chain transactions - transaction fees are high and extremely slow (network is maxed out), so normies will never adopt.

china has a booming middle class compared to 20 years ago

>less incentive to spend and consume
How is this a bad thing?

>muh stocks
Who cares about benefiting investors over the overall population who don't invest money themselves? Even then, only good companies would be invested into and the valuations of stocks would be far better and far more carefully decided.

Alts are doing fine, they've done better than BTC this year and people are moving away from Bitcoin as seen by the market dominance.

I'm confused. Are you saying a business shouldn't shut down or fire workers if it fails to make a profit?

so its basically a tax on savings

a kike scam

Because inflation makes the debt manageable.

because people are rewarded for being economically unproductive

How about we not incentivize getting so buried in debt you need to devalue an entire population's savings to get out?

Inflation or deflation has no difference on whether or not working people are more rewarded than NEETs. If you get 10$/hr for 5 hours of hard work every day, you're far more rewarded than somebody who just sits on 100$ and lets it deflate.

essentially, it's a way to pressure people into putting it into productive assets for growth.

because our economy relies on consumption and growth for prosperity. you might not like the idea, but that's what it is, this why central banks typically want a small amount of inflation .

It's a government tax on savings that benefits the first users of the new money, which are kikes and kike banks in a fractional reserve system.

Imagine you owe 500 dollars a month on a car payment. Now imagine that 500 dollars is twice as hard to come by. Do you think you can make your car payment?

anyone who is anti deflation but pro bitcoin is being a little hypocritical.

So bitcoin is still undergoing inflation. It will only really to start to hit deflation once it is all mined and people forget their keys. The supply is currently being increased. That is what mining is. Bitcoin is appreciating against the dollar and other fiat. That isn't technically deflation (yet).

There's already massive debt bubbles especially with student loans, eventually everyone will default and it will burst.

What solution is better, encouraging this debt with inflation or letting it go bust with deflation?

Inflation is not an increase of supply, you've got it all wrong. The way it is designed is to be deflationary and that's what it is.

I don't know. That is a good point, but the OP asked why people should care about deflation. I told him one reason. There are others. It can cause the economy to contract is actually the biggest. If a currency is suddenly worth more, people are less likely to spend it, triggering a recession. Yes, deflation can easily cause recessions. Also, . Bitcoin ISN'T UNDERGOING DEFLATION RIGHT NOW. IT IS ONLY APPRECIATING RELATIVE TO FIAT BECAUSE OF SPECULATION. THIS ISN'T DEFLATION.

>Inflation is not an increase of supply, you've got it all wrong
They are one and the same. Inflation, in the long run, is equal to the increase int he money supply.

as opposed to inflation requiring that you not only break even with economic endeavors but increase purchasing power at a rate higher than the inflationary decrease in purchasing power of the currency

Yes but those sitting on their money will be punished equally in inflationary currencies.

We live in a debt based society, to fuel those debts we need a constant injection of cash. If we changed to an "equity" based society a deflationary currency would be preferred.

>the idea is that deflation decreases the incentive for people to consume
I disagree with this. On the contrary, if my purchasing power increases, it means I consume more!

lol wait till your country goes cashless with negative interest rates, you'll be using money as toilet paper

It isn't.

Rich assholes who get new inflated funny money get to spend it first and tell lies about how if we had deflation everyone would die. Also single mothers who shit out the next generation of criminal scum depend on deficit spending and inflation for their gibs.

Basically deflation is bad for lampreys and flees but it's fine for everyone else.