Dan on Nostr: DEFLATION is a word that the government has dishonestly told us, is a bad thing. But ...
DEFLATION is a word that the government has dishonestly told us, is a bad thing. But it is not. The Governments and ignorant economists have had a disinformation campaign on DEFLATION as far as I can remember.
Deflation is when prices go down. If a farmer buys a bigger more powerful tractor and outfits it with GPS and can farm 1000 acres instead of 10, then the price of wheat goes down. If an accountant can do taxes in 5 minutes with software, then prices go down. As innovation goes forward, prices go down.
Why do they lie about deflation ? They desperately need to hide the fact they are stealing through their engineered INFLATION. It's 100 true. Their propogandizing about deflation is to cover for their crime.
Bitcoin, if nothing else , educates on the issue of inflation and deflationary benefits.
Deflation is when prices go down. If a farmer buys a bigger more powerful tractor and outfits it with GPS and can farm 1000 acres instead of 10, then the price of wheat goes down. If an accountant can do taxes in 5 minutes with software, then prices go down. As innovation goes forward, prices go down.
Why do they lie about deflation ? They desperately need to hide the fact they are stealing through their engineered INFLATION. It's 100 true. Their propogandizing about deflation is to cover for their crime.
Bitcoin, if nothing else , educates on the issue of inflation and deflationary benefits.