Quote from: TonyHoyle on June 27, 2011, 08:28:00 PM

Quote from: vrotaru on June 27, 2011, 08:25:44 PM

Look, I have no emotional attachment to the classical definition inflation, but the modern one is bordering on the absurd. Or over. If tomorrow(next year, decade) technologies will evolve in such a way that prices of basic necessities (those whose weight is not zero) will halve, the money supply will have to be doubled in order to avoid harmful deflation?

You already know that's exactly what they'll do..

Yes, that's so. Of course, bitcoins may catch on... (crosses fingers, or whatever...)