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RE: Powell Confirms Fed Policy of Halving Value of Dollar Every Thirty Years.

in #market7 years ago

Economists say that if money is deflationary then why would people spend their money. They could wait and get things cheaper later on. They think it leads to a hoarding mentality. Yet people already do that with technology. Why would people want to buy a VR set when next year a far greater one will be released. Because people want shit now. Inflation only benefits banks and hard asset holders.

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