antagon
The Man
- Dec 6, 2009
- 3,572
- 295
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the goldilocks can't respond to deflation with their bullshit. its as simple as that. while it is sensible to simpletons that money is worth a mass of rocks, in a market its worth is affected by the activity in the market itself, and has its own supply/demand reaction sufficient to value it. the amount of rocks a bank or government says it is worth is hardly relevant. after a while, the demand for liquidity will push the value of fiat or gold up, only fiat can respond without a shovel.
confusion like dude's price deflation !== currency deflation concept precludes their understanding of how they are, for all intents and purposes, deflation that is responsive to the same remedies.
confusion like dude's price deflation !== currency deflation concept precludes their understanding of how they are, for all intents and purposes, deflation that is responsive to the same remedies.
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