Message from @[PBSr] Deadeye

Discord ID: 701185370955579424


2020-04-18 21:36:12 UTC  

Like eating, clothes, housing and drinking

2020-04-18 21:36:29 UTC  

It doesn't matter if it is individually good for your to delay consumption when society is burning because everyone is

2020-04-18 21:36:42 UTC  

Inflation just makes shortrun consumption and therefore degeneracy attractive

2020-04-18 21:36:59 UTC  

Or it incentivizes investment

2020-04-18 21:37:13 UTC  

What is worse is cheap loans

2020-04-18 21:37:32 UTC  

> It doesn't matter if it is individually good for your to delay consumption when society is burning because everyone is
@Mr. Nessel
That's the problem... That's why socialism with taxation and inflation destroys tje wealth of average famikies

2020-04-18 21:38:05 UTC  

Therefore they rather go sex drugs rock roll instead of saving for children's college e.g.

2020-04-18 21:38:05 UTC  

No that's precisely the point against deflation

2020-04-18 21:38:23 UTC  

Everyone beign a rational actor in this case is fucking horrendous

2020-04-18 21:38:29 UTC  

It crashes the economy

2020-04-18 21:38:33 UTC  

Noo

2020-04-18 21:38:36 UTC  

It doesn't

2020-04-18 21:38:53 UTC  

Only if there is an inflationary credit bubble

2020-04-18 21:38:54 UTC  

Tell me how the economy doesn't crash if people don't spend money

2020-04-18 21:39:16 UTC  

It crashes because of inflationary credit bubbles

2020-04-18 21:39:21 UTC  

No

2020-04-18 21:39:44 UTC  

It crashes because deflation causes it to not run the factories since nobody is buying anything

2020-04-18 21:39:53 UTC  

Again

2020-04-18 21:40:06 UTC  

You need to buy goods to live

2020-04-18 21:40:13 UTC  

Yes, essentials

2020-04-18 21:40:19 UTC  

then switch to gold standard

2020-04-18 21:40:22 UTC  

You cannot delay most consumption

2020-04-18 21:40:36 UTC  

You realize you can buy gold under a fiat system

2020-04-18 21:40:42 UTC  

No need for your autism

2020-04-18 21:40:48 UTC  

people dont stop buying goods under deflation

2020-04-18 21:40:55 UTC  

Yes, and fiat gold is like a stable shadow currency

2020-04-18 21:40:59 UTC  

they simply spend less

2020-04-18 21:41:06 UTC  

Or buy more

2020-04-18 21:41:11 UTC  

They delay purchases

2020-04-18 21:41:16 UTC  

yes

2020-04-18 21:41:21 UTC  

That's good

2020-04-18 21:41:31 UTC  

they delay thats the good part

2020-04-18 21:41:32 UTC  

That lowers the time preference

2020-04-18 21:41:49 UTC  

If a car is getting cheaper week by week and everyone refuses to buy it the car factory owner will shut down production and fire his workers

2020-04-18 21:41:50 UTC  

if they didnt theyd spend the excess on partying and fucking

2020-04-18 21:42:09 UTC  

Those workers will not be able to spend money on things like cars to begin with

2020-04-18 21:42:14 UTC  

then why is the car cheaper?

2020-04-18 21:42:15 UTC  

This spirals out of control

2020-04-18 21:42:19 UTC  

> If a car is getting cheaper week by week and everyone refuses to buy it the car factory owner will shut down production and fire his workers
@Mr. Nessel
That's good, because mkre people can buy more cars

2020-04-18 21:42:35 UTC  

> This spirals out of control
@Mr. Nessel
No, because at some point someone needs to buy

2020-04-18 21:42:35 UTC  

The car gets cheaper because by the week the currency is appreciating