= 27d567bc2d48d9f40e9ccc20ea370b15)
Vladimir_M comments on General Bitcoin discussion thread (June 2011) - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (102)
My understanding is that one good wouldn't do it, but persistent, overall deflation would in fact devastate the economy.
Sure, right now you can stick money under a mattress for 6 months and buy more Core 2 laptops than you could today. But that doesn't seem the same as "getting richer".
Where's the line? Good question. Obviously if you could buy more of anything that would be getting richer without investing the money. Or if you could buy more (houses or food or cars or Internet access or electricity or sex or drugs or rock n' roll).
There was persistent overall deflation in various periods in the 19th century, and it didn't devastate the economy.