I am well aware of "Gresham's law" that bad money drives out good.
I'm just referring to the idea of deflation in general and the fear mongering that happens around it.
I'm not talking about Bitcoin versus USD.
I'm just referring to the idea of deflation in general and the fear mongering that happens around it.
I'm not talking about Bitcoin versus USD.
I'm just referring to the idea of deflation in general and the fear mongering that happens around it.
You'll have to do a little better to support your claim that deflation can result in economic growth. One data point from a rather unique point in history isn't enough.
Okay I will next time!
> You'll have to do a little better to support your claim that deflation can result in economic growth. One data point from a rather unique point in history isn't enough.
This isn't my claim.
My claim is that economic growth comes from increased productive capacity and not from manipulation of the money supply (neither inflationary nor deflationary).
See my simple economic example elsewhere in the thread.