Posts

avatar of @chekohler
25
@chekohler
·
·
0 views
·
1 min read

I think it's quite complicated and the arguments are actually just bad categorising.

  • Is technology a growing deflationary force? - Yes there's technological deflation
  • Are wages flat or deflating - Yes in purchasing power wage deflation
  • Are assets inflating - I would say so there's asset inflation
  • Are goods and services inflating? - Yes I would say comparing to your purchasing power it is
  • Is bond repurchasing technically deflationary - Yes
  • Is debt blowing up deflationary - Yes there's lots of debt deflation
  • But what are banks doing with the cash and how much does the fractional reserves they keep even matter?

We can debate this and that and I get it but for the man on the street, they are living in inflationary times, the rich definitely are getting all the benefits of deflation.

The economy shouldn't have to be this complicated and the fact that both our opinions are up for debate should indicate how obfuscated these rules are and how few can even understand them

Also, check out this rubtutle on the van metre theory - https://www.youtube.com/watch?v=xPCQ-e0MFGQ

Posted Using LeoFinance Beta