Inflation Causes Unnecessary Consumption
| Fiat doesn’t just lose value. It trains you to spend. Save → lose purchasing power 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? [link] [comments] |