Post
Topic
Board Economics
Re: Why is deflation bad? NYTimes link
by
goatpig
on 17/05/2011, 08:17:05 UTC
Deflation is less relevant to us because Bitcoin is not a debt-based system like the US.  The 'credit crunch' of 2008-2009 was the problematic kind of deflation.  Not the appreciating currency of a budding virtual economy.

And... Keynesian economists should be ignored.

This. Deflation would be a catastrophe with a debt-base currency... which is a catastrophe to begin with.