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

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

in market •  7 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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