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51 sats \ 4 replies \ @Aardvark 15h \ on: Economist Reveals: "Inflation is Actually Bad!" (Econ Forces, Josh Hendrickson) econ
I can tell you for sure that deflation is bad. That's why I haven't bought a new piece of electronics since 1996. My purchasing power just keeps getting better, I think I'll wait two more decades. 🙄
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21 sats \ 2 replies \ @denlillaapan OP 15h
Faxing much, too?
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10 sats \ 1 reply \ @Aardvark 14h
🤣 I'm on the printing press
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21 sats \ 0 replies \ @denlillaapan OP 13h
not a bad technology! It's been with us for centuries, after all. #Lindy
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0 sats \ 0 replies \ @kepford 12h
Nice!
You remind me of why price inflation is so fraught with problems. Its extremely complex to determine the causes and prone to manipulation by cherry-picking data. The price of eggs at any given time can fluctuate completely unrelated to the price of computer chips. Both may or may not be related to money supply inflation.
Money supply inflation is MUCH easier to understand and when you look at the average incomes and average prices of items in the whole economy it becomes more clear as to what is actually going on with inflation at the root level.
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