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[–] Wahaha 1 point 9 points (+10|-1) ago 

I prefer deflation.

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[–] OhDangWaddup 1 point 2 points (+3|-1) ago 

This is the correct answer. Better yet, get rid of central bank controlled currency.

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[–] BB-3 0 points 1 point (+1|-0) ago 

You know, my teachers always said that we couldn't do that because somehow it was "even worse for the economy than inflation." But they never could explain why without making me feel like I just had to take their word for it to pass the test.

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[–] Wahaha 0 points 1 point (+1|-0) ago 

Economy works because money flows. You provide a service, you get money, you use that money to get another service. Inflation makes it so that money loses its value over time, theoretically encouraging people to spend their money, while it's still worth more than it would be 20 years down the line, discouraging saving. Deflation would have the opposite effect in theory. Making people want to save that money, so it becomes worth more over the years, thus not spending it on services, thus breaking the economy.

That's all bullshit, though. Lots of people in economics are in economics because they were too stupid for real science. I think they really believe their own bullshit.

There's this saying, that we only work to buy stuff we don't need to impress people we don't like. Not spending money on cheap bullshit with planned obsolescence is actually the smarter thing to do. It's a more long term strategy. People that argue inflation is better than deflation also argue it's better to buy a cheap pair of shoes every couple of month instead of spending some cash on a pair that will last you a decade. Because saving money is bad and spending it all is good according to them.

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[–] Onlio 1 point 4 points (+5|-1) ago 

the covernments of the world are getting rid of all cash and every single piece of your monies will be tracked and followed. So you can all quit bitching about this piece if legal currency. Pretty soon, you wont get to touch any "real" money. Enjoy your penny hatred, assholes

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[–] lbruiser 0 points 2 points (+2|-0) ago 

Still have bitcoin.

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[–] Wahaha 0 points 1 point (+1|-0) ago 

Once internet catches up with grocery stores (not just in some cities) I'll have zero need to leave my house to buy stuff. That's going to be great. As far as I know the government can already track cash. RFID or something is inside the bank notes. Matching this data with real people is still kind of fuzzy, though.

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[–] Maximum50 1 point 4 points (+5|-1) ago 

We already did in Canada. Changes were not noticeable for regular people. We all use cards anyway.

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[–] Jimmycog 0 points 2 points (+2|-0) ago 

No

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[–] Dumb_Comment_Bot 0 points 2 points (+2|-0) ago 

Canada got rid of the penny. Its actually a lot nicer.

But as a note, when the hapenny, half penny, was discontinued, it was worth as much as a dime right now. We should only use quarters and introduce a 200, 500 and 1000 bill.

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[–] xenoPsychologist 1 point 2 points (+3|-1) ago 

i despise pennies with the burning passion of a thousand hot dogs that slipped between the bars of a grill and now theyre layin right in the fire. so, yes.

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[–] JohnPaulJones 0 points 2 points (+2|-0) ago 

Yes

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[–] Sosacms 0 points 1 point (+1|-0) ago 

Not that I'm opposed but it's a slippery slop. First it's the pennies then it's the Stacys and Heathers...

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