> How do you know they provide negative value to economy?
Very basic understanding of modern economics and monetary systems would be more than enough to figure that out.
> post scarcity economy
In fact it would maximize scarcity (imagine the Fed hiking interest rates to + 20% while inflation becomes negative, say - 20%. What do you think would happen?)
Very basic understanding of modern economics and monetary systems would be more than enough to figure that out.
> post scarcity economy
In fact it would maximize scarcity (imagine the Fed hiking interest rates to + 20% while inflation becomes negative, say - 20%. What do you think would happen?)