Sounds like something that would be trivial for the wealthy to circumvent while being very expensive for the poor to do the same. Someone with the means can just pay someone to continuously refresh their money with new money. Unclear on how people will deal with transactions when different bills have different values from what’s written on them.
Most likely you’ll be getting the older bills that are close to expiry if you’re poor. It doesn’t matter how much time they’re given when they’re minted.
Sounds like something that would be trivial for the wealthy to circumvent while being very expensive for the poor to do the same. Someone with the means can just pay someone to continuously refresh their money with new money. Unclear on how people will deal with transactions when different bills have different values from what’s written on them.
Why would poor people have difficulty living with this change? They live hand to mouth.
And they’ll stay there if they can’t save up any money.
If the expiration date is 25 years? 50 years? 100 years?
Most likely you’ll be getting the older bills that are close to expiry if you’re poor. It doesn’t matter how much time they’re given when they’re minted.
If they spend at around the equivliance of at new minted bill and youre not trying to save them, what does it matter?
If you are trying to save youre not keeping hard cash youre investing it. So then we would see a lot more investment spurring on growth.