Message from @Leo (BillNyeLand)

Discord ID: 533781249614020610


2019-01-12 22:53:29 UTC  

Because deflation happens due to the natural market forces

2019-01-12 22:53:31 UTC  

Not artificial

2019-01-12 22:53:34 UTC  

which is healthy

2019-01-12 22:53:41 UTC  

Which still causes wages and incomes to fall

2019-01-12 22:53:43 UTC  

“Hoarding”

2019-01-12 22:53:45 UTC  

Saving

2019-01-12 22:53:47 UTC  

But even then

2019-01-12 22:53:48 UTC  

That’s a myth

2019-01-12 22:53:54 UTC  

90% of the time deflation didn’t result in anything

2019-01-12 22:53:57 UTC  

Not really visitor

2019-01-12 22:54:00 UTC  

Cost cutting

2019-01-12 22:54:10 UTC  

and greater efficiency

2019-01-12 22:54:14 UTC  

Many other things less to deflation

2019-01-12 22:54:57 UTC  

Greater efficiency and cost cutting is good individually

2019-01-12 22:55:29 UTC  

But it can result in a drop in money circulation

2019-01-12 22:55:32 UTC  

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.

2019-01-12 22:55:52 UTC  

If the money circulation drops naturally

2019-01-12 22:55:53 UTC  

It’s not bad

2019-01-12 22:56:02 UTC  

And that’s not always the case

2019-01-12 22:56:07 UTC  

But the money supply will fail to meet demand

2019-01-12 22:56:07 UTC  

infact it’s mostly never the case

2019-01-12 22:56:14 UTC  

naturally it will

2019-01-12 22:56:37 UTC  

But how can it

2019-01-12 22:56:52 UTC  

How can what ?

2019-01-12 22:57:00 UTC  

deflation occur ?

2019-01-12 22:57:04 UTC  

And it was the capital spent on wartime investment into factories and employment that resulted in the consumption-driven boom after the war

2019-01-12 22:57:15 UTC  

How can money just rise to meet demand without some sort of intervention

2019-01-12 22:57:16 UTC  

Boom in what?

2019-01-12 22:57:21 UTC  

The economy

2019-01-12 22:57:25 UTC  

read above

2019-01-12 22:57:53 UTC  

GDP data was inflated

2019-01-12 22:58:29 UTC  

I would ask for a source but I have to leave anyways

2019-01-12 22:58:34 UTC  

Apologies

2019-01-12 22:58:35 UTC  

bye

2019-01-12 22:58:43 UTC  

Pce

2019-01-12 22:58:50 UTC  

I can’t give a source as you even said military spending

2019-01-12 22:58:55 UTC  

which is what I say above

2019-01-12 22:59:20 UTC  

It’s inflated as it did not go towards consumer goods

2019-01-13 04:37:45 UTC  

I think we should abolish the presidential term limit so trump can run in 2024 and so on

2019-01-13 04:44:08 UTC  

As much as I like Trump, he would be a bad president if he kept on running