2 ms·
Your post forgets to mention the negative aspects of deflationary currencies, though. If your money is going to be worth more tomorrow, and thus goods would be
by s73v3r_ 9y ago
Your post forgets to mention the negative aspects of deflationary currencies, though. If your money is going to be worth more tomorrow, and thus goods would be cheaper, you're going to push off purchasing things. People continuing to do this means that the makers of goods aren't selling, and therefore aren't making money. Thus, they have to cut expenses, meaning laying people off.
Using the boogeyman of hyperinflation is also rather dishonest, as that takes much, much more to happen than just the 2% inflation target the Fed has.