And how do you deal with a growing population? As the population grows with the money supply held constant, then the amount of money goes down on average. A ‘dollar’ might buy more but you’ll, on average, have fewer ‘dollars’.
Yes, and you will need fewer dollars since that dollar can buy more.
The issue isn't the quantity of the money, it is purchasing power of the dollar that matters.
Constant, long-term deflation. Great idea! LOL!
The issue isn't the quantity of the money, it is purchasing power of the dollar that matters.
Unemployed people during the Great Depression didn't have any money, but that money bought more and more. Deflation was very helpful to people with no jobs.
“Yes, and you will need fewer dollars since that dollar can buy more.”
How do you pay your mortgage? At a 3% growth rate, you’ll have only 41% of the dollars you stated with.
Guess you don’t want to borrow money.
“The issue isn’t the quantity of the money, it is purchasing power of the dollar that matters.”
Tell that to the place you have a mortgate.