"The reader may say to himself, 'When will people learn?' Sadly, they don’t." http://www.zerohedge.com/news/2016-05-23/wheelbarrow-economics … Raw truth.
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Replying to @Outsideness
misses diff. betw. lack of liquidity and lack of supply, and adding liquidity at top vs bottom, and nature of debt
@alicemazzy1 reply 0 retweets 0 likes -
Replying to @Plinz @alicemazzy
Sure, it's complicated, but we still get hyperinflation eventually, because that's the only way money dies.
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Replying to @Outsideness
we don’t get inflation unless money gets in circulation; now it mostly just accumulates
@alicemazzy1 reply 0 retweets 1 like -
Replying to @Plinz @alicemazzy
You get inflation (even hyperinflation) when holders of currency seek to dump it (with increasing desperation). ...
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Replying to @Outsideness
Only if holders of currency dump their money into bread, cars, houses and haircuts. Otherwise it's an asset bubble
@alicemazzy1 reply 0 retweets 1 like -
Replying to @Plinz @alicemazzy
That distinction isn't very convincing to Austrian types.
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Replying to @Outsideness
You mean asset bubbles are hyperinflation in Austrian economics? Srsly?
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Replying to @Plinz
Not hyperinflation (unless a complete swap-out of currency on the hyperbitcoinization model counts as 'an asset bubble'). ...
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after playing with in-game economies, I think that currencies without regulating the money supply (sinks + faucets) don't work
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