@vgr inflation has been the status quo forever which makes deflation seem more and more unlikely
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@pmarca first person to offer a negative interest rate loan wins foresight prize. An iron medal that turns to pure rust in a few years. -
@vgr aren't servers almost like that in a way due to Moore's Law/etc.? A server Google/AWS bought in 2010 without SSD = nearly worthless now - Show replies
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@vgr Reminds people to question the definitions of the two words, thus threatening existing manufactured normals. We can't have that, now!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Deflation is an on/off policymaker worry since 2001. It's why Greenspan kept rates preposterously low, creating the housing bubble.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr@AlexSchleber deflation is most catastrophic. We all know the great depression.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@andrewtrabulsi r>g sounds suspiciously like a free-lunch theorem.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@andrewtrabulsi@vgr weird how 1/2 the anti-piketty camp says r > g by definition, and half disputes whether it isThanks. Twitter will use this to make your timeline better. UndoUndo
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