I'm constantly reminded of the tragedy of people growing up and being surrounded by "facts & truths" which as it turns out are merely "feelings & lies".
People parrot statements like 'deflation will lead to economic collapse' without even engaging their brains to think about it.
#bitcoin shall fix this.
It’s all perception. That perception is accurate if you have a Keynesian understanding of economics. It is the prevailing thought.
If government spending is what’s driving the economy, they are only able to do so in an inflationary environment. The inflate the bubble. If they don’t… it collapses. In that sense, the view is very accurate.
We’re just taking about two opposing systems of economics. Don’t forget that Keynes was a socialist.
