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by tlrobinson
4571 days ago
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"You got so tripped up in the terms and concepts, you didn't even get it right." Where did I trip up? Sure, people will need to adjust their thinking, but I think you overestimate the obsession with rising salaries/costs. "In a deflationary economy, people always buy LESS of your stuff and you have no idea if that's happening" [citation needed] |
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> [citation needed]
> Where did I trip up?
The fact that you need a citation to realize that in a deflationary system if prices stay stagnant people will consume less by definition. You don't seem to realize that. Deflation means prices are falling. If prices don't fall and the dollar is worth more, people buy less of your stuff. This isn't rocket science. Please stop advocating things you don't even understand.