You need inflation and fiat currency otherwise people horde currency and the economy stagnates.
Every economy that went fiat experienced a huge amount of growth because of access to debt and a desire to invest superceded the desire to horde money - why spend money when money itself grows in value?
This is the one thing all the gold standard/crypto enthusiasts do not consider when they see the plights of inflation and recommend their system instead.
You need inflation and fiat currency otherwise people horde currency and the economy stagnates.
Every economy that went fiat experienced a huge amount of growth because of access to debt and a desire to invest superceded the desire to horde money - why spend money when money itself grows in value?
This is the one thing all the gold standard/crypto enthusiasts do not consider when they see the plights of inflation and recommend their system instead.
And we need a CBDC that automatically makes your money expire after a set period of time. Use it or lose it! GDP IS KING!!!