To: theBuckwheat
Yep..when dollars are abundant, they are worth less. One only has to compare our currency to the rest of the world's and the gold market to figure out that the Fed is printing too much money.
Deflation is a good thing. What would be better...is if we stopped this fiat money scam.
To: I got the rope
Deflation is a good thing. Why?
19 posted on
01/31/2007 2:20:59 PM PST by
Toddsterpatriot
(Why are protectionists so bad at math?)
To: I got the rope
Deflation happens to be a terrible thing. Yes, prices go down, but so do salaries and what businesses make.
Do you even know WHEN we have deflation? It appears that you do not, so I'll tell you when...DURING A DEPRESSION; something you've never had to live through.
Goldbuggery is a mental disease and it appears that you are quite ill.
To: I got the rope
"Deflation is a good thing."
Maybe in theory, but not in real life. Credit evaporates, nobody spends what money they have, because the price of everything is spiraling down weekly. Why pay $100 for a washer that will be $90 next week? Massive layoffs, millions and millions out of work, which means no money to spend, no tax revenue, etc. Then it starts to get bad. /s
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