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by arcticbull
2029 days ago
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lol that’s what happens when technology increases productivity. I actually addressed all this. Staples will continue to be purchased hand to mouth leaving the poor unable to benefit from deflation while the rich sit on their idle cash and grow their largesse without increasing economic activity. |
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No, you repeated propaganda that told you to think you did, but as with the rest of your “points”, too many lols very little substance.
> that’s what happens when technology increases productivity.
Not when, technology ALWAYS increases productivity, that is the point of technology. Deflation is inevitable because productivity increases are inevitable.
And the poor have benefitted immensely from deflation, despite central banks doing everything they can to rob you of its benefits. More people than ever can now afford to eat meat, or drink single malt scotch, or whatever. More people eat lobster now than in any other time in history, that is the power and benefit of deflation.