Message from @Leo (BillNyeLand)

Discord ID: 535200593669652480


2019-01-16 20:54:51 UTC  

Monetary deflation and price deflation are two different things

2019-01-16 20:54:54 UTC  

Monetary deflation is still deflation

2019-01-16 20:54:55 UTC  

Yes

2019-01-16 20:54:57 UTC  

Price deflation is fine, perfectly

2019-01-16 20:55:01 UTC  

I mean

2019-01-16 20:55:09 UTC  

If it’s from lowering costs, then yes, it’s good

2019-01-16 20:55:11 UTC  

Yes it's deflation but it's wrong

2019-01-16 20:55:17 UTC  

if the government does it on purpose

2019-01-16 20:55:17 UTC  

Or rather, not as harmful as monetary deflation

2019-01-16 20:55:25 UTC  

Thats how deflation happens Visitor

2019-01-16 20:55:28 UTC  

then real incomes rise

2019-01-16 20:55:28 UTC  

The only problem is if it leads to a currently shortage

2019-01-16 20:55:32 UTC  

Not always

2019-01-16 20:55:37 UTC  

There is no such thing as a currency shortage

2019-01-16 20:55:39 UTC  

in a free market

2019-01-16 20:55:41 UTC  

I’m referencing short-term deflationary spirals

2019-01-16 20:55:49 UTC  

There can be

2019-01-16 20:55:55 UTC  

90% of the time , deflation doesn't link with recessions

2019-01-16 20:55:57 UTC  

There can't

2019-01-16 20:56:01 UTC  

there is no such thing

2019-01-16 20:56:05 UTC  

If the economy grows faster than the currency, it can lead to shortage

2019-01-16 20:56:09 UTC  

Especially on gold standard

2019-01-16 20:56:09 UTC  

No

2019-01-16 20:56:14 UTC  

Which inherently limits money supply

2019-01-16 20:56:15 UTC  

economic growth is a rise in living standards

2019-01-16 20:56:19 UTC  

not increasing money supply

2019-01-16 20:56:19 UTC  

new game start

2019-01-16 20:56:23 UTC  

bya niuuga

2019-01-16 20:56:29 UTC  

Economic growth is a rise in economic activity

2019-01-16 20:56:33 UTC  

Not really

2019-01-16 20:56:34 UTC  

Which requires more money to fuel

2019-01-16 20:56:36 UTC  

it's a rise in living standards

2019-01-16 20:56:39 UTC  

atleast in the free market

2019-01-16 20:56:45 UTC  

GDP could be considered very unreliable

2019-01-16 20:56:56 UTC  

Producing things that aren't of demand to the consumers is not growth

2019-01-16 20:57:02 UTC  

it does not raise the material standard of living

2019-01-16 20:57:04 UTC  

If you’re trying to correlatet with living standards, Yes

2019-01-16 20:57:16 UTC  

Economic growth would be raising the material standard of living

2019-01-16 20:57:21 UTC  

But you’re talking about per capita rather than per economy

2019-01-16 20:57:25 UTC  

in a free market monetary supply would stay stable

2019-01-16 20:57:29 UTC  

Yes