inflation is when money loses purchasing power, meaning stuff is more expensive but you get more dollars in your paycheck
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Replying to @literalbanana @gabrielduquette
deflation is when money gains purchasing power, stuff costs less dollars but you earn less dollars & your house is worth $2
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Replying to @literalbanana @gabrielduquette
author is saying simply that either one has good & bad consequences and you can't get good consequences of both at once
3:59 PM - 2 Nov 2016
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