Message from @Mr. Nessel

Discord ID: 701185745842339940


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

2020-04-18 21:42:41 UTC  

> This spirals out of control
@Mr. Nessel the exact same happens the other way

2020-04-18 21:42:45 UTC  

> The car gets cheaper because by the week the currency is appreciating
@Mr. Nessel
That's good

2020-04-18 21:43:08 UTC  

It's like talking to a wall with you guys

2020-04-18 21:43:31 UTC  

Do you like cheap products if it'll result in people losing their ´jobs?

2020-04-18 21:43:49 UTC  

You'd have to be mental to support this

2020-04-18 21:43:50 UTC  

if the currency is worth more then you have more purchasing power

2020-04-18 21:44:12 UTC  

@Mr. Nessel read this

2020-04-18 21:44:13 UTC  

Minor inflation on the other hand creates a recession ever 8 years or so

2020-04-18 21:44:22 UTC  

I'm not reading an austrian blog

2020-04-18 21:44:36 UTC  

Attack aggregate demand as the main driver of the economy to prove the Austrian perspective :dab:

2020-04-18 21:44:40 UTC  

Is there a no autism rule I feel it would have been broken by now

2020-04-18 21:44:49 UTC  

> I'm not reading an austrian blog
@Mr. Nessel
I was referring to that book