Comment by bigbadfeline

1 hour ago

> Sure, I could say that my incentive is the interest rate, but my alternative is zero risk.

The risk of missed purchases isn't zero and the risk of missing investment profits isn't zero either. From motivational point of view, inflation and deflation aren't different, they're the same thing in a mirror image.

Deflation is rare as hen's teeth, harmless and extremely easy to fix. Inflation, on the other hand, is the most corrupt economic phenomenon by far, it's hard to fix and it has ruined numerous economies, caused wars, destruction and famines.

> Debt has something of a bad reputation and obviously it can be overused and abused, but it’s also something that helps the efficiency of economies.

This is a strawman, nobody said debt as such was bad. However, since you started, let me correct you - as it is, debt not only "can be overused and abused" - it is routinely abused and overused and inflation is a huge part of it.

> Inflation, on the other hand, is the most corrupt economic phenomenon by far, it's hard to fix and it has ruined numerous economies, caused wars, destruction and famines.

Could you explain? If you work. You're not renting. You're not on a pension. You're not ... then what is bad about inflation?