They say deflation is bad because no one will spend if money gains value. But people usually don’t make spending decisions based on inflation charts. They buy what they need or want. If you're a bitcoin maxi and want a PS5 Pro, would you really wait a couple of years just to pay less BTC for it? Sure, it might only cost 0.0005 BTC then instead of 0.005 now, but you’d also miss out on years of fun. Time preference is real.
What do you think?
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