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I follow up until the last sentence. If the value of the currency increases, then that's deflation. So you explained reasonably lucidly why we should expect wha
by perl4ever 6y ago
I follow up until the last sentence. If the value of the currency increases, then that's deflation. So you explained reasonably lucidly why we should expect what I guess we agree didn't happen.
- bkanber 6y agoI was describing deflation on purpose, because deflation [is supposed to] happens after solid infrastructure investment. My last sentence was misleading because I said "this is one of the various modes of inflation", but what I really meant was "this is one of the various modes of an inflationary/deflationary economy".