Yes, please don't say economic nonsense. What you are giving me here is political ideology, not economics. Your claims are easily disproven. The period of Americas greatest economic growth, where we went from backwards colonies to economic leader is a period of deflation! From the late 1780s to around 1910- the dollar appreciated in purchasing power due to deflation and we had the industrial revolution. All that extra productivity from machines manned prices go down and gave people more money to spend, and contrary to the claim that it prevents investment, more purchasing power means more capital to deploy.
I have ot laugh at the absurd claim that inflation is good because people have no savings to benefit from deflation. The reason they have no savings is that your lot have stolen them via inflation!
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Yes, please don't say economic nonsense. What you are giving me here is political ideology, not economics. Your claims are easily disproven. The period of Americas greatest economic growth, where we went from backwards colonies to economic leader is a period of deflation! From the late 1780s to around 1910- the dollar appreciated in purchasing power due to deflation and we had the industrial revolution. All that extra productivity from machines manned prices go down and gave people more money to spend, and contrary to the claim that it prevents investment, more purchasing power means more capital to deploy.
I have ot laugh at the absurd claim that inflation is good because people have no savings to benefit from deflation. The reason they have no savings is that your lot have stolen them via inflation!