Message from @Leo (BillNyeLand)
Discord ID: 533780957770285096
literally no one would be unemployed
wtf
oof
Incomes fall profits wall wages fall
Just have the government buy everyone as slaves
No
No one unemployment
Because deflation happens due to the natural market forces
Not artificial
which is healthy
Which still causes wages and incomes to fall
“Hoarding”
Saving
But even then
That’s a myth
90% of the time deflation didn’t result in anything
Not really visitor
Cost cutting
and greater efficiency
Many other things less to deflation
But it can result in a drop in money circulation
interventions in the wartime economy, war materiel was valued incorrectly and therefore the GDP data overstate economic conditions. Moreover, conscription and arms production gave a misleading employment picture. Instead, Higgs argues, the war was a period of capital consumption rather than capital accumulation. Tanks, bombs, and helicopters have limited uses outside of military applications. The labor that was used to produce them was not available to produce consumer goods and services; in fact, people went without consumer goods.
If the money circulation drops naturally
It’s not bad
And that’s not always the case
But the money supply will fail to meet demand
infact it’s mostly never the case
naturally it will
But how can it
How can what ?
deflation occur ?
And it was the capital spent on wartime investment into factories and employment that resulted in the consumption-driven boom after the war
How can money just rise to meet demand without some sort of intervention
Boom in what?
The economy
read above
GDP data was inflated
I would ask for a source but I have to leave anyways
Apologies