> When a currency is experiencing deflation it makes sense not to spend it. In that world, keeping my money under my mattress is the soundest investment strategy.
A does not imply B.
If the currency deflates at 1% but you could invest at 2%, your mattress isn't the most sound investment strategy.
A does not imply B.
If the currency deflates at 1% but you could invest at 2%, your mattress isn't the most sound investment strategy.