All prices are relative. So when the price of one thing goes down, that is exactly the same as the prices of everything else going up. So every market "crash" of some assets is a "boom" of other assets.
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Replying to @robinhanson
But as Keynes observed, it's bad when the boom is in money (deflation), because you can't eat money.
4 replies 2 retweets 24 likes -
I tried boiling some nickels, they didn't soften up at all. Dollar bills are more palatable with ketchup but don't provide many calories.
6:30 AM - 6 Feb 2018
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