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21 sats \ 4 replies \ @Satosora 9 May 2024 \ parent \ on: Evil Twins: US Federal Budget Deficits and US Trade econ
Saving in general would help stop this tailspin.
Be it bitcoin, gold, or just putting money in their savings account and not spending frivolously.
The problem with that last option is that they can steal your fiat savings by inflating away the value.
The more fiat savings there are, the more wealth they can transfer to themselves.
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True.
But in general, if americans save a bit more money, inflation would be depressed.
And prices of things would go down because companies would want you to spend money instead of saving.
It would change society as a whole.
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I fully agree and have often encouraged people to behave like that.
Apparently, I’m in a cynical mood tonight.
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Even if it is just a little bit, it would really change society.
You are, you keep replying to all of my threads.
Some nights can just be dead!
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