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> Would you accept to be paid less and less every year (month, week...) Because they'd be able to buy more and more with that money, obviously.
by drcode 14y ago
> Would you accept to be paid less and less every year (month, week...)
Because they'd be able to buy more and more with that money, obviously.
- ars 14y agoIf everyone changed their prices, and their salary all at once you did nothing at all. You just changed a number - you didn't increase the money supply at all. i.e. the total amount of purchasing power didn't change.
- drcode 14y agoExactly- So the claim that deflation (i.e. decreasing prices) will hurt liquidity is false.