Oddbean new post about login | logout how does hard money incentivize reducing waste? War is the easy target but what about building or agriculture or farming? #asknostr
I think hard money reduces consumption so more energy goes to improving technology instead. If money also depreciates, the opportunity cost of a disposable economy is lesser. So consumers seek more durable goods, producers work more efficiently, and prices trend downwards so higher quality goods become more attainable.