5 ms·

I'm not sure you realize how bad deflation is.

• danuker 5y ago
  The IT hardware industry has been deflating for, what, half a century now (Moore's law).? Yet nothing bad happened.
  • ouid 5y ago
    That is inflation. Transistors have gotten less valuable.
    • danuker 5y ago
      It is transistor-inflation, where we print up tons of transistors. It is the opposite of currency-inflation, where we print up tons of currency, driving prices UP.
  • qeternity 5y ago
    This has nothing to do with inflation or deflation, which are very specific concepts.
• jkhdigital 5y ago
  I'm not sure you realize how leaky the abstraction of "deflation" is, or for that matter all of the abstractions thrown about in the laughably oversimplified version of economics that has made it into the lexicon of pundits and bureaucrats.