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Hello everyone I would like to ask about savings during deflation Lets assume there is 100% gold standard so that money supply is constant. if the GDP grows it means that prices must go down, for example -3% per year. some people may try to save some money in order to consume more in future. but the...
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I was having a look at "What Has Government Done to Our Money" by Rothbard, and got thinking about the problem of hoarding, or increasing one's cash balances. This may be relevant in the current economic climate if people are losing faith in the banking system and yet trying to rebuild...