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Stop the fucking mantra of "deflation is bad". We've had way more crisis caused by inflation than by deflation. Stop thinking that the problems caused by printi
by knocte 9y ago
Stop the fucking mantra of "deflation is bad". We've had way more crisis caused by inflation than by deflation. Stop thinking that the problems caused by printing more money can only be solved by printing more money!
And actually, maybe these days our planet needs a bit of deflation, to stop all that mad consumerism of our society.
- emodendroket 9y agoWow, with such a well-reasoned argument how could I not be convinced?
- knocte 9y agoIt's the person that makes the assertion the one that needs to give proof. Most of the "deflation is bad" arguments are never argumented. I'm calling them out.
- emodendroket 9y agoAs I've said repeatedly, deflation is bad because it discourages investment and buying, and would grind our economy to a halt. Also more Americans are net debtors than not. You are the one looking to argue against essentially every economist on Earth here.