3 ms·

All this pro-deflation talk makes me feel like I've walked into a Christian Science convention.

• 001sky 12y ago
  Are you really that proud of the status quo? lets see, we'll take a bunch of bank acounts, pay zero interest, and only let rich people & corporations borrow without abandon to finance their acquisition (er, corner) the market in all real-assets? Sounds like a great plan if your biz modle if f(n)% of asset inflation.
  • pdkl95 12y ago
    Pointing out that deflation is a bad is not necessarily a statement of support for any aspect of the current system. Staying away from deflation is good; the other parts are another matter and need fixing in several ways.
    • 001sky 12y ago
      deflation is a bad is a hypothetical, and the arguments for and against are not trivially dismissed. your trading book matters more than any theory. since the analysis is so fact depenedent, there is no simple right answer.