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by treis
1936 days ago
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>The result is that stuff gets cheaper, that is, the same number of dollars buys more. That's deflation. It's more about the number of dollars out there. Fractional reserve means that a dollar saved leads to dollars being created. Boomers saving up for retirement meant lots of dollars being created. Boomers withdrawing and buying stuff means lots of dollars will be destroyed. Fewer dollars means dollars become more valuable i.e. deflation. |
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