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submitted 1 year ago by eee@lemm.ee to c/workreform@lemmy.world
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[-] nybble41@programming.dev 10 points 1 year ago

Just luxury spending and underperforming investments. Essential spending can't be deferred, and worthwhile investments will outpace any natural rate of deflation. Forced inflation drives conspicuous consumption and malinvestment, but in doing so it increases monetary velocity, which helps bankers and tax collectors extract higher rent from the economy.

this post was submitted on 19 Sep 2023
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Work Reform

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