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What is the mechanism by which "debasing a currency" leads to "staving off deflation"??
by hackaflocka 11y ago
What is the mechanism by which "debasing a currency" leads to "staving off deflation"??
- zurn 11y ago"Debasing a currency" is a dysphemism for effecting inflation, and inflation is the opposite of deflation. So the lead-in reads in plain English that Europe and Japan aren't able to cause inflation by causing inflation when everyone is trying to cause inflation.
- hackaflocka 11y agoI learned a new word today!... "dysphemism". The article author seems to have a case of delusions of grandeur. This is the third article I've read from him over the last 2 years or so, and all of them look like concerted efforts to make simple things extremely complex sounding.
- ArkyBeagle 11y ago"dysphemism" - thanks for that. It's like a zombie of the gold standard.
- deleted 11y ago[deleted]