What I’ve learned from Jeff Booth (npub1s05…eyhe):
Just dropping the rate of inflation to zero does not tell the whole story of fiat monetary debasement.
Productivity-driven deflation puts the real price of items at *below* zero inflation.
5% below zero.
10% below zero.
15% below zero.
All prices are falling, exponentially.
We just don’t see falling prices because inflation is a mountain of dirt that’s filling in the valley of technology-driven savings.
reidwalley / Reid Walley
npub12j…s9mh9
2024-12-28 10:27:04
Author Public Key
npub12jatzvy6sazrz2qf6d0wn2w4ffr5rmd6rqwemgwqhlj0vqs0y6aqrs9mh9Published at
2024-12-28 10:27:04Event JSON
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"content": "What I’ve learned from nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe:\n\nJust dropping the rate of inflation to zero does not tell the whole story of fiat monetary debasement.\n\nProductivity-driven deflation puts the real price of items at *below* zero inflation.\n\n5% below zero.\n\n10% below zero.\n\n15% below zero. \n\nAll prices are falling, exponentially.\n\nWe just don’t see falling prices because inflation is a mountain of dirt that’s filling in the valley of technology-driven savings. ",
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