Message from @Leo (BillNyeLand)
Discord ID: 535200593669652480
Monetary deflation and price deflation are two different things
Monetary deflation is still deflation
Yes
Price deflation is fine, perfectly
I mean
If it’s from lowering costs, then yes, it’s good
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
Especially on gold standard
No
Which inherently limits money supply
economic growth is a rise in living standards
not increasing money supply
new game start
bya niuuga
Economic growth is a rise in economic activity
Not really
Which requires more money to fuel
it's a rise in living standards
atleast in the free market
GDP could be considered very unreliable
Producing things that aren't of demand to the consumers is not growth
it does not raise the material standard of living
If you’re trying to correlatet with living standards, Yes
Economic growth would be raising the material standard of living
But you’re talking about per capita rather than per economy
in a free market monetary supply would stay stable
Yes