Long-term economic thinking is conducive to moral behavior. Low inflation helps us think long-term, allowing us to worry about the uncertain present while maintaining sanity over the future.
ex: Think of a wine maker selling wine at $20/bottle. When a Central Bank doubles the money supply, by printing money the producer has 3 choices:
It forces a choice between economic freedom & integrity. Human nature being what it is, the 3rd option makes sense short term.
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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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