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|User Info||What, You Mean It Works?; entered at 2012-06-06 23:27:12|
They NEED inflation, because The Bezzle doesn't work if money is tight enough to watch.|
George Low wrote..
"There ain't no point loafing with a broke, because nothing falls off"
The sharps can't party hearty if there isn't cash blowing all over the landscape, from Ben's helicopter, or the ridiculous inflation that we've seen in the last 30 years.
Another thing that argues against deflation:
Finally, in a deflationary economy, wages as well as prices often have to fall Ė and itís a fact of life that itís very hard to cut nominal wages ó thereís downward nominal wage rigidity. What this means is that in general economies donít manage to have falling wages unless they also have mass unemployment, so that workers are desperate enough to accept those wage declines.Ē
Who's going to tell the retired .gov ticks that their 30 bucks an hour for sitting on their ass @ 58 years old isn't going to be happening any more?
Just like ANYTHING the government touches - once the law has been passed, good luck changing it back or repealing it.