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July 21, 2014, 08:49:18 PM |
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Love this comment:
"Dorian Kiss1 day ago
Inflationary pressure to invest is a bad thing. It pushes people to invest who don't have enough knowledge to do so, which leads to wasted resources when their investments fail. If there is a non-inflationary currency and people just hold their money, then by holding it they are making everyone else's money worth more, and so the people who actually know how to invest will be more effective in doing so. Besides, why should people be pressured to invest anyway, morally? It's their money, they earned it, they should be allowed to do with it as they wish so long as it does not violate others' rights to their own self-determination.
People work for money ultimately so that the money can be used as they want. The less control people have over the use of their money the less incentivised they will be to work. The working itself is them providing value, that's why people give them money for it, why must they be forced to then work more by investing? It makes no sense."
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