Sorry, GreenStox, you are not talking about deflation. Depending on who you talk to, deflation is falling prices or a reduced money supply. Deflation can't be inflation in disguise because they are direct opposites. Inflation is rising prices or an increased money supply, again depending on who you talk to. You are writing about
Sorry , as i learned in university (not as if that is some very accurate info), i learned that deflation is the decrease of the money supply. That is a good definition of it.
Falling price isnt a deflation, its just falling price, the price cannot inflate/deflate, only the money supply can. Prices can rise and fall, thats the only thing they do, or remain the same.
When we talk about deflation, we must have a fixed, or a decreasing money supply. Bitcoin is not entirely deflationary, but i would say its semi-deflationary.
Deflation can't be inflation in disguise because they are direct opposites.
Yes but we dont have deflation. The presstitutes only hijack the word "deflation" and call the current phenomena deflation, when its obviously not.
Most people, like you, think that deflation is equal to decreasing prices, which is obviously not. Prices can decrease in inflationary enviroment too (although only for a temporary time until the real printing press kicks in).
If the average consumer's earnings decrease faster than prices, that is inflation, and we got that exact thing happening now!