Quote:
Originally Posted by Frieza_Prexus
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Yet the population grows at closer to 3% leading to more overall demand relative to the money supply which grows at 1% leading to a deflationary economy.
Who here is brave enough to ride the bimetallism horse?!
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My father told me a story once. In boarding school (50s I guess) and out of cash, he managed to find a $5 bill in one of his socks, which was enough for him to eat for a week on 35 cent chili dogs
[You must be logged in to view images. Log in or Register.] On a more personal note, I remember bitching when gas hit 85c/gallon a mere 15 years ago.
Meanwhile the Fed estimates that M1 has gone up by almost 10x since 1960 - about 6% per year.
How can you possibly call this deflation?