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The GDP Growth Illusion | Weekly Round Up

Inflection Point

00:00

The Impetus to Spend, Isn't It?

Two per cent inflation is good because it encourages people to spend. It's like the opposite of a deflationary currency, where you're encouraged to save and want to spend. The impetus to spend comes not from people thinking their money is being valued, but because they are hungry,. or they want a roof over their head., he says. He argues that everyone should take bitcoin off exchangesand shut down these sfi lenders.

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