Of course not
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"Unfortunately, most historians and economists are conditioned to believe that steadily and sharply falling prices must result in depression: hence their amazement at the obvious prosperity and economic growth during this era"
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Murray Rothbard can eat my ass
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Your sex life is none of my business
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Replying to @Sigismond_bis @arthur_affect and
But whatever - another example ?
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An armed uprising? This is vastly more complex than deflationary sprial
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Armed uprising caused by a debt crisis caused by a deflationary spiral It's pretty simple and it's all laid out in the article, and historically it's pretty fucking common
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Doesn't appear to be "caused by a deflationary sprial", but rather by people being suddenly required to use a currency they did not own, including to pay taxes
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What exactly do you think the word "deflation" means
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Replying to @arthur_affect @Sigismond_bis and
Do you think that the magical circumstance in which suddenly everything important in the world is priced in Bitcoin would not qualify as a similar scenario
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