Most people imagine inflation to be a natural affliction. In reality, inflation is a man-made phenomenon... simply the debasing of currency.
@samselikoff @ErikVoorhees @BrendanEich are you sure this isn't a retcon? http://en.m.wikipedia.org/wiki/Inflation
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@wycats tis a retcon, just in the other direction@samselikoff@ErikVoorhees@BrendanEich -
@wycats it was re-defined in terms of its negative effect to make it seem less inherently bad@samselikoff@ErikVoorhees@BrendanEich -
@machty@samselikoff@ErikVoorhees@BrendanEich [citation needed] (primary sources please) -
@wycats twas from the wikipedia article you linked?@samselikoff@ErikVoorhees@BrendanEich -
@machty@samselikoff@ErikVoorhees@BrendanEich citation needed for the rationale of the change. -
@wycats can't really cite a primary source, it's not like there was some official referendum@samselikoff@ErikVoorhees@BrendanEich -
@machty@samselikoff@ErikVoorhees@BrendanEich I hypothesize this claim as a retcon by anti-central-bankers. Want proof to the contrary.
End of conversation
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@wycats@ErikVoorhees@BrendanEich most important is the point that changes in supply, demand, and value of money affect price -
@samselikoff@ErikVoorhees@BrendanEich under normal circumstances increasing money increases prices. -
@wycats@ErikVoorhees@BrendanEich in all circumstances, increasing s of money puts upward pressure on prices -
@samselikoff@ErikVoorhees@BrendanEich if I make money and bury it it has no effect. If the bank can't lend it at any rate it's the same. -
@wycats Since when has that been a prob? "Fog a mirror" loands for houses, pre-08, are back. For cars too.@samselikoff@ErikVoorhees -
@BrendanEich@samselikoff@ErikVoorhees response is direct and quick when demand is saturated, sluggish when shortage of demand. -
@wycats Simple govt-num chart: Fed Z1 vs. BEA GDP series: http://market-ticker.org/akcs-www?get_gallerynr=1840 …. Fake demand w/ fraudulent debt.@samselikoff@ErikVoorhees -
@wycats Required Glass-Steagall repeal, reg.cap, other malfeasance. Not exogenous "weather", not from the Sun.@samselikoff@ErikVoorhees - 9 more replies
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