If the ideal inflation rate is around 2%, won’t money eventually become worthless?
In: Economics
It’s not the type of economy that’s at fault. It’s possible to have our current economic systems and set incentives to bias growth in areas such as renewable energy, plant-based food, lab-grown meat, reforestation, carbon capture etc and not kill the planet. It’s basically life itself that is hurting the planet, since life is about thriving and being fitter than your ancestors. Humans have been so successful that we’ve created problems for ourselves and every other lifeform by consuming so much and negativity hurting our surrounding environment. It remains to be seen whether democracies are strong enough / effective enough to solve this, or if populations’ demand “for more” will be too much (or if we’re already beyond the tipping point). It’s a very real problem but I don’t think it’s economic systems at fault.
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