Marty's Ƀent
Issue #1375: The Ethics of Money Production
The negative externalities that emanate from central planning are very predictable.
The negative externalities that emanate from central planning are very predictable.
In a deflationary monetary system, entrepreneurs and enterprises alike who take on too much debt (risk) and are unable to service their obligations will go bankrupt, allowing entrepreneurs to swoop in, scoop up assets and businesses at low prices, and start (hopefully) profitable businesses.
