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by martinced 4923 days ago
"Deflation is a wet dream of survivalist "gold..."

Say what!? Gold's price goes down too if there's deflation.

Someone holding on gold hopes there's inflation, not deflation.

Deflation is the dream of people who hoarded truckloads of bills, not gold.

"My income is someone else's expenditure, my credit is someone else's debt. Money can obscure this fact, not alter it. In order for me to save, someone else must spend."

OK, so I produce 100 tons of lithium-ion in my backyard. I just created wealth. There's supposed to be money created corresponding to that wealth created. How does this money correspond to someone else's debt? Isn't money supposed to correspond to wealth and new wealth to be constantly created? You make it sound like it's a zero-sum game in the non-gold backed scenario too...