Comment on Microsoft's carbon emissions up nearly 30% thanks to AI
SwingingKoala@discuss.tchncs.de 1 month agoCrypto is literally just machines wasting energy on purpose to create false scarcity
A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.
WldFyre@lemm.ee 1 month ago
I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.
explodicle@sh.itjust.works 1 month ago
Inequality since Nixon because of the Cantillon effect
SwingingKoala@discuss.tchncs.de 1 month ago
Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.
www.ecb.europa.eu/mopo/strategy/…/index.en.html
WldFyre@lemm.ee 1 month ago
I mean, I don’t disagree with you on that. I didn’t think your first comment quite conveyed this nuance, and deflationary economies are terrible for everyone.
SwingingKoala@discuss.tchncs.de 1 month ago
That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.