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Burning money might actually be a legitimate thing to do since it causes deflation as far as I can understand
by ozgrakkurt 9mo ago
Burning money might actually be a legitimate thing to do since it causes deflation as far as I can understand
- bawolff 9mo agoDeflation is a very bad thing...
- onraglanroad 9mo agoOf course it is. Things getting cheaper is really bad for the economy. That's why computers never became an industry, they just kept getting cheaper every year so nobody bought them. If only computing power had kept getting more expensive every year, we might have some kind of tech industry!
- bawolff 9mo agoA single (luxury) sector getting cheaper is not the same thing as generalized deflation
- onraglanroad 9mo agoComputers are not a luxury sector, they're practically built into every device because they're so cheap.
- onraglanroad 9mo agoThey're also hardly a single sector. What does growth look like if you remove tech stocks?
- jMyles 9mo agoIn the traditional / academic sense of the word, it _is_ deflation. The repurposing of inflation/deflation to refer to consumer price action is much more recent.