What happens in a steady-state or shrinking economy as opposed to an expanding one?
Increase the decay rate and people move money faster and more cash comes out of the economy which keeps deflation from happening.
Things are ok if the economy recovers. In the event of a near extinction event we’ll have bigger problems.
What happens in a steady-state or shrinking economy as opposed to an expanding one?
Increase the decay rate and people move money faster and more cash comes out of the economy which keeps deflation from happening.
Things are ok if the economy recovers. In the event of a near extinction event we’ll have bigger problems.