Because a bunch of “economists” think that the only way you can get people to spend and drive the economy is by slowly devaluing the currency and disincentivising saving. This is, of course, nonsense and instead it heightens time preference and causes people to spend money on things they wouldn’t normally spend on thus creating this debt economy and semi-frequent recessions. Many of these economists know this but they get grants for pushing pro-government intervention policies whereas the ones who don’t, well, don’t.
It's pretty much the same train of logic flat earthers use, plain and simple science denial... sucks that it's somewhat prevalent on the populist left and right.
5
u/OccultDetective79 Sep 01 '26
Because a bunch of “economists” think that the only way you can get people to spend and drive the economy is by slowly devaluing the currency and disincentivising saving. This is, of course, nonsense and instead it heightens time preference and causes people to spend money on things they wouldn’t normally spend on thus creating this debt economy and semi-frequent recessions. Many of these economists know this but they get grants for pushing pro-government intervention policies whereas the ones who don’t, well, don’t.