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Replying to Avatar Guy Swann

The simplest way to understand natural deflation is that everything keeps getting more affordable.

That’s it.

Instead of everything getting more expensive, it all gets more affordable with time. For the simple fact that all the capital goods and technological innovation we create make them easier to make… so of course they should cost less.

The result is simply a consistent and substantial increase in wealth and living standards for everyone.

I think we are very much ready for that and what we are very much sick of is the cycle of endless poverty and theft by the counterfeit class.

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TTHD 2y ago

I don't there is ever money that is only deflationary. Money is a tool. By default, the total sum of money is always inflationary. If people run out of scarce money, they would find a new kind of money. That's how we always got some other kinds of money besides gold. With bitcoin, it'll be the same. There will be other kinds of money.

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