Comment on Microsoft's carbon emissions up nearly 30% thanks to AI
SwingingKoala@discuss.tchncs.de 1 month agoI’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.
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
The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth
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.
WldFyre@lemm.ee 1 month ago
I don’t think local economies from millennia ago are similar enough to compare to modern global economies with our current population boom. I think we could for sure have a different approach if our population was stable or decreasing.
SwingingKoala@discuss.tchncs.de 1 month ago
That means until the early 1900s or 1970s when inflation went into overdrive.
Huh what?
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