Many in cryptocurrency believe that fixed money is a good thing. This is not the case. In fact, since the Great Financial Crisis, we are in a deflationary monetary environment with the USD.
In this video I discuss how, without money, expansion does not take place. This burden then falls on the workers and lower rungs of society who are unable to adjust to the lack of growth. After all, what do companies do when things get tight (or they file for bankruptcy)? Lay off workers is one of the first things.
▶️ 3Speak
