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>Its a well known established fact that technology causes 'good' deflation. The number one cited example of this is the printing press, I'm just going to be ni
by kadendogthing 8y ago
>Its a well known established fact that technology causes 'good' deflation. The number one cited example of this is the printing press,
I'm just going to be nice and tell you that you are severely conflating multiple issues here. Technological advancements have played literally no part in the monetary policy of the last decade. Monetary policies have largely been focused on making sure cash flow is first and foremost, present, and secondly consistent.
- autokad 8y agoI don't know what you think I could be conflating. the original post was that inflation is not as much of a risk as it use to be due to technology. ("Inflation is less of a risk now because of technology + globalization") if monetary policy is implemented by a magic 8 ball, that remains true.
- kadendogthing 8y ago>I don't know what you think I could be conflating. The motivations and effects of monetary policy? To sit there and say that a fiat system isn't subject to inflationary pressures, or even are less burdened by them, brought about changes in interest rates because of technological advancements is a hilariously misplaced idea and thing to bring up. I feel like I want to call this economic bike shedding? The tiniest detail has no sway on anything when you're talking about policies actively affecting trillions of dollars of cash and credit. We're talking in a time scale of a year, not half a century.