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RE: Does Deflation Spur Consumption? (Contrary to conventional Wisdom)

in #economics8 years ago

To be clear inflation to me is always price inflation. I.e. If a product service cost less over time that would be deflation, more inflation. Money supply on the other hand is just something that impact price, among other things. It is possible to have deflation with increased money supply and vice versa. I would not say that steem has an annual inflation rate of 100% vs. 9.5% after dec. 6th. I would consider that statement to be technically incorrect