• jeffw@lemmy.worldOP
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    5 months ago

    Inflation does need to be a thing for a healthy economy. If we only used gold, things would stagnate.

    • shortwavesurfer@monero.town
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      5 months ago

      That’s okay. Things will be purchased as they are needed. It’s not like because we used gold. I wouldn’t need toilet paper or a new laptop or a new phone. I would still need to purchase those things at some point. It would improve lending practices as well because people wouldn’t be lending trying to outpace inflation with a return. They would lend less, for sure, but people would also save money more so they would need fewer loans.