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by tastyfreeze
871 days ago
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Economy is the movement of money. That is not a measure of wealth. There can be a lot of money moving around with nearly everybody living pay check to paycheck. People are better off if they can build wealth. It is more stable for society to make it easy to build wealth. It would take a lot of evidence to convince me that deflation is worse in the long run for human flourishing than inflation. I don't care about the economy as conceived by bankers and economists. If ever more people are flourishing the economy is working. If a few are getting exorbitantly wealthy, at the expense of everybody else, by being close to the flow of new money, the economy is not working. We have been at inflation so long there is no painless way out. |
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