> Having a deflationary currency is pro-citizen, it is pro-poor, and pro-middle class.
How so??? With a deflationary currency rich people just need to keep their money at home (not even the bank) and they become richer in real terms. Indebted people see their deflationary-currency-denominated debt become more and more difficult to repay. Home owners see the resale price of their home come down. Poor people have less opportunities to work because people don't need to invest their money to keep their real value. How can all this be pro-citizen?
> Having a deflationary currency is pro-citizen, it is pro-poor, and pro-middle class.
How so??? With a deflationary currency rich people just need to keep their money at home (not even the bank) and they become richer in real terms. Indebted people see their deflationary-currency-denominated debt become more and more difficult to repay. Home owners see the resale price of their home come down. Poor people have less opportunities to work because people don't need to invest their money to keep their real value. How can all this be pro-citizen?