@ErikVoorhees @BrendanEich productivity changes affect the value of money too.
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Replying to @BrendanEich
@BrendanEich@ErikVoorhees productivity decreases would produce natural inflation. Is deflation good?3 replies 0 retweets 0 likes -
Replying to @wycats
@wycats@BrendanEich Productivity decreases would produce natural price increases. Price increases =/= inflation.1 reply 0 retweets 1 like -
Replying to @ErikVoorhees
@ErikVoorhees Right. First problem: many suffer "exogenous money" mystery-cult beliefs. Money is endogenous. http://en.wikipedia.org/wiki/Endogenous_money …@wycats1 reply 0 retweets 0 likes -
Replying to @BrendanEich
@BrendanEich@wycats People need to stop equating inflation with price increases. The former usually causes the latter, but they are dif.2 replies 0 retweets 1 like -
Replying to @ErikVoorhees
@ErikVoorhees@BrendanEich this is pretty much a tell that you're in the gold standard camp. Can't just change common meaning.3 replies 0 retweets 0 likes -
Replying to @wycats
@wycats@ErikVoorhees@BrendanEich but worth noting that this is inflation's original definition, and for good reason1 reply 1 retweet 0 likes -
Replying to @samselikoff
@samselikoff@ErikVoorhees@BrendanEich are you sure this isn't a retcon? http://en.m.wikipedia.org/wiki/Inflation2 replies 0 retweets 0 likes -
Replying to @wycats
@wycats@ErikVoorhees@BrendanEich most important is the point that changes in supply, demand, and value of money affect price5 replies 0 retweets 0 likes
@samselikoff @ErikVoorhees @BrendanEich right. Increases in the money supply in periods of low aggregate demand has low effect
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Replying to @wycats
@wycats@ErikVoorhees@BrendanEich low effect on what?0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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