Post
Topic
Board Economics
Re: Mish on deflation
by
MoonShadow
on 26/12/2013, 18:30:30 UTC
I have to strongly question the intelligence of the author of that article as well as yourself Moonshadow for perpetrating bullshit like this.

A currency that is deflationary IS NOT EQUAL TO a specific product or industry that experiences deflation in an otherwise inflationary currency. They are COMPLETELY DIFFERENT economic situations.This is in no way an argument for a deflationary currency. It is asinine to think so.

In what way, Etlase2?  A currency is simply a market product with a well defined trade value, by whatever means that trade value is defined.  The laws of supply & demand most certainly do apply to currencies.  I know of no economic laws that do not apply to currencies.  If you do, feel free to share your insights.