> Buying stocks hoping that it would appreciate doesn’t work when there is no economic growth
Why? If you and I earn $100 per year, every year, that means there is no economic growth. We spend half of it on food, clothes, and other necessities and buy stocks with the other half, stocks will go up in value.
An non-growing economy has aspects of a zero-sum game. Speculation can still occur, and can continue unbounded. Stocks, gold, bitcoin, have historically all been deflationary.
Why? If you and I earn $100 per year, every year, that means there is no economic growth. We spend half of it on food, clothes, and other necessities and buy stocks with the other half, stocks will go up in value.
An non-growing economy has aspects of a zero-sum game. Speculation can still occur, and can continue unbounded. Stocks, gold, bitcoin, have historically all been deflationary.