Dante
metanoesis.bsky.social
Dante
@metanoesis.bsky.social
Yes, and not only that. If there is no debt, there is no money. If you drastically reduce debt hence monetary supply, you create a deflationary spiral. Once deflation kicks in, people hold on to their money because they know it will be worth more tomorrow, reducing economic transactions.
February 23, 2025 at 1:32 PM