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Infinite Deflation - Automatic Raises
2 years ago
88
Everyone knows how horrible deflation is and what it does to wages, economic growth, and business prospects. But what happens when inflation isn't possible because of the currency you are using? What if we had a currency that was impossible to inflate because of a fixed numeric value but was infinitely divisible? Is it possible for something as mundane as currency to influence the entire trajectory of an economy? (Hint: the answer is yes.)
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