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Vladimir_M comments on General Bitcoin discussion thread (June 2011) - Less Wrong Discussion

4 Post author: SilasBarta 10 June 2011 11:21PM

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Comment author: Vladimir_M 14 June 2011 12:14:20AM *  6 points [-]

My understanding is that one good wouldn't do it, but persistent, overall deflation would in fact devastate the economy.

There was persistent overall deflation in various periods in the 19th century, and it didn't devastate the economy.

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