Eliezer_Yudkowsky comments on Awful Austrians - Less Wrong

34 Post author: Swimmy 12 April 2009 06:06AM

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Comment author: Eliezer_Yudkowsky 14 April 2009 03:34:26PM 1 point [-]

Nominal debts and nominal savings both decrease.

Comment author: Shane 14 April 2009 09:25:07PM 0 points [-]

In the example there are no debts. Savings in money terms are the dollars held, therefore the savings rate is unchanged. Savings in corn or cattle are unaffected by the change in money quantity.