Message from @Leo (BillNyeLand)
Discord ID: 535200358507610113
The government should instead let people keep more of their money
and let deflation happen
not have a target for 2% inflation
thats such a dumb thing
wait really???
Yeah they have a target for 2% inflation
Hi
We should have deflation
hey
let's go back to the good ole days where you could buy a fookin car with 600$
The Fed has a general target for 2% inflation, yeah
Deflation 90% of the time has never harmed the economy
That’s highly debatable
the only link was the great depression, which was monetary deflation
which is completely different
Monetary deflation and price deflation are two different things
Monetary deflation is still deflation
Yes
Price deflation is fine, perfectly
I mean
Yes it's deflation but it's wrong
if the government does it on purpose
Or rather, not as harmful as monetary deflation
Thats how deflation happens Visitor
then real incomes rise
The only problem is if it leads to a currently shortage
Not always
There is no such thing as a currency shortage
in a free market
I’m referencing short-term deflationary spirals
There can be
90% of the time , deflation doesn't link with recessions
There can't
there is no such thing
If the economy grows faster than the currency, it can lead to shortage
Especially on gold standard
No
Which inherently limits money supply
economic growth is a rise in living standards
not increasing money supply