[dllthomas]

Don't conflate "zero growth of the money supply" with "zero inflation". Unless the population and amount of goods and services produced stays constant, these two won't correspond. With zero growth of the money supply, a growing population with a growing economy will experience deflation, which is what worries me.

[nunb]

Why does deflation worry you? It's a good thing.

I would like my healthcare to get cheaper and better over time just as my Android phone does.

> Don't conflate "zero growth of the money supply" with "zero inflation".

Inflation is always and everywhere a monetary phenomenon, according to Milton Friedman.

[gnaritas]

> Why does deflation worry you? It's a good thing.

You haven't actually studied modern economics if you don't understand why deflation is worrisome and why the monetary policy we have now exists to prevent deflation to achieve this stability: http://upload.wikimedia.org/wikipedia/commons/2/20/US_Histor....

[nunb]

https://yourlogicalfallacyis.com/appeal-to-authority

[gnaritas]

Try reading your own link, "It's important to note that this fallacy should not be used to dismiss the claims of experts, or scientific consensus.". You are trying to do exactly that. Pointing out that you are in conflict with basic economic knowledge is not an appeal to authority. You asked why he was worried about deflation, I showed you why, I wasn't making an argument, I was giving you the information you asked for. Ignore it if you like, I'm not interested in arguing with you.