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> I would believe these types of pop-economics articles a lot more if they could actually find and example of a deflationary spiral causing a long term depressi
by Alex3917 12y ago
> I would believe these types of pop-economics articles a lot more if they could actually find and example of a deflationary spiral causing a long term depression.
The obvious example would be bitcoin. No one ever spends their BTC, because of the fear that something that costs 1 BTC today will cost only 0.5 BTC tomorrow.
- debacle 12y agoThat's an issue with volatility, not deflation.
- marssaxman 12y agoI don't care whether bitcoin goes up or down tomorrow; I only care whether it goes up or down between the time I buy the bitcoin and the time I send it to someone. That is: bitcoin is a medium of exchange, not a store of value.