CarlBMenger on Nostr: If supply of money was fixed, changes in the cost of production across time would be ...
If supply of money was fixed, changes in the cost of production across time would be reflected in corresponding changes in prices.
If the cost to produce goods falls due to technological advancements, so would price. Thus deflation is the natural outcome of any healthy economy.
Published at
2024-09-12 06:10:22Event JSON
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"content": "If supply of money was fixed, changes in the cost of production across time would be reflected in corresponding changes in prices.\n\nIf the cost to produce goods falls due to technological advancements, so would price. Thus deflation is the natural outcome of any healthy economy.",
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