The problem bothering me with deflation is if humanity is ready for it? If prices go down and ppl hoard then only the most necessary goods and services will be bought and sold: food, utilities… mayb...
The simplest way to understand natural deflation is that everything keeps getting more affordable.
That’s it.
Instead of everything getting more expensive, it all gets more affordable with time. For the simple fact that all the capital goods and technological innovation we create make them easier to make… so of course they should cost less.
The result is simply a consistent and substantial increase in wealth and living standards for everyone.
I think we are very much ready for that and what we are very much sick of is the cycle of endless poverty and theft by the counterfeit class.
That’s it.
Instead of everything getting more expensive, it all gets more affordable with time. For the simple fact that all the capital goods and technological innovation we create make them easier to make… so of course they should cost less.
The result is simply a consistent and substantial increase in wealth and living standards for everyone.
I think we are very much ready for that and what we are very much sick of is the cycle of endless poverty and theft by the counterfeit class.
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