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Board Beginners & Help
Re: Why such agreement that Deflationary currency is a bad thing
by
Elwar
on 28/04/2013, 06:15:37 UTC
As somebody who has studied economics, can I just state that stable low inflation is the BEST course for any currency (whether virtual or fiat)?

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but with my economics background, I am just echoing what major economists have communicated about the drawbacks of deflation.

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I am reiterating economic theory.

You failed to mention that all of your economics teachers likely have memorized Keynes' books and worship his every word. Which is ironic because Keynes is no longer stating theories because he is dead, and thus there is no more supply of his theories and thus no inflation of further theories. So Keynes should be ignored by anyone who supports inflation.

Come back when you understand Hayek, Mises and Friedman.