3 ms·

> There's a reason the term "deflation" exists, and it's not simply a theoretical concept. Yeah. The last time deflation happened in Europe, it resulted in Hit

> There's a reason the term "deflation" exists, and it's not simply a theoretical concept. Yeah. The last time deflation happened in Europe, it resulted in Hitler coming to power. Not kidding, Hitler came to power after a period of _deflation_ in Germany.

SuperNinKenDo 2y ago
See my other comment, but unless I'm taking crazy pills, you have that completely backward. Weimar Germany was notoriously _hyper-inflationary_.
- plumarr 2y ago
  And it was followed by a deflationist policy in the years preceding the Nazi takeover : https://en.wikipedia.org/wiki/Heinrich_Br%C3%BCning#Historic_evaluation https://en.wikipedia.org/wiki/Heinrich_Br%C3%BCning#Historic...
  - SuperNinKenDo 2y ago
    I don't think moderate deflation after a period of hyper-inflation is much of an argument. It's just a weird little gotcha that someone who doesn't want to abandon their priors will whip out. Not compelling at all. It's like claiming a failed medical intervention is the cause of a death because it had some negative effects that might have even made things worse, but the patient was already sick and dying. Many cancer patients die from the effects of chemotherapy before the cancer itself gets them, it doesn't mean cancer is actually good.
    - cyberax 2y ago
      > It's just a weird little gotcha that someone who doesn't want to abandon their priors will whip out. Do you want a mirror? And why that episode was minor?
      - SuperNinKenDo 2y ago
        Minor by comparison to the hyperinflation experienced? Yeah. No I don't need a mirror, I can see myself clearly. This whole thing is just a distraction that I didn't even bring up though, it has nothing to do with my original points. I wouldn't want to experience prolonged deflation at that rate either, markets rely on a certain level of stability and predictability to function well, everybody benefits from that and I would not argue otherwise.
ConspiracyFact 2y ago
Citation? I have no dog in the fight—I am not emotionally invested in some particular version of the history of the Weimar Republic—but I thought it was the opposite.
- cyberax 2y ago
  Here you go: https://www.gabriel-zucman.eu/files/capitalisback/T271 https://www.gabriel-zucman.eu/files/capitalisback/T271 Years from 1929 to 1932. Deflation was 12% in 1932, in particular.
  - ConspiracyFact 2y ago
    Thanks!
chardz 2y ago
Are you sure you know what deflation is?
- cyberax 2y ago
  https://www.gabriel-zucman.eu/files/capitalisback/T271 https://www.gabriel-zucman.eu/files/capitalisback/T271 see 1929-1932

SuperNinKenDo 2y ago

See my other comment, but unless I'm taking crazy pills, you have that completely backward. Weimar Germany was notoriously _hyper-inflationary_.

plumarr 2y ago
And it was followed by a deflationist policy in the years preceding the Nazi takeover : https://en.wikipedia.org/wiki/Heinrich_Br%C3%BCning#Historic_evaluation https://en.wikipedia.org/wiki/Heinrich_Br%C3%BCning#Historic...
- SuperNinKenDo 2y ago
  I don't think moderate deflation after a period of hyper-inflation is much of an argument. It's just a weird little gotcha that someone who doesn't want to abandon their priors will whip out. Not compelling at all. It's like claiming a failed medical intervention is the cause of a death because it had some negative effects that might have even made things worse, but the patient was already sick and dying. Many cancer patients die from the effects of chemotherapy before the cancer itself gets them, it doesn't mean cancer is actually good.
  - cyberax 2y ago
    > It's just a weird little gotcha that someone who doesn't want to abandon their priors will whip out. Do you want a mirror? And why that episode was minor?
    - SuperNinKenDo 2y ago
      Minor by comparison to the hyperinflation experienced? Yeah. No I don't need a mirror, I can see myself clearly. This whole thing is just a distraction that I didn't even bring up though, it has nothing to do with my original points. I wouldn't want to experience prolonged deflation at that rate either, markets rely on a certain level of stability and predictability to function well, everybody benefits from that and I would not argue otherwise.

ConspiracyFact 2y ago

Citation? I have no dog in the fight—I am not emotionally invested in some particular version of the history of the Weimar Republic—but I thought it was the opposite.

cyberax 2y ago
Here you go: https://www.gabriel-zucman.eu/files/capitalisback/T271 https://www.gabriel-zucman.eu/files/capitalisback/T271 Years from 1929 to 1932. Deflation was 12% in 1932, in particular.
- ConspiracyFact 2y ago
  Thanks!

chardz 2y ago

Are you sure you know what deflation is?

cyberax 2y ago
https://www.gabriel-zucman.eu/files/capitalisback/T271 https://www.gabriel-zucman.eu/files/capitalisback/T271 see 1929-1932