> Hayek likewise favored letting prices fall when output expands, criticizing monetary policy aimed at artificially stabilizing prices. Hayek’s “neutral money criterion” held that prices should fall during real growth, and he opposed using monetary expansion to counteract such benign deflation.

This cuts through the core premise you guys put forth: few monies chasing more goods is BAD. This is just fiat logic in open-source clothing.

I provided enough evidence that this is not the case for any reasonable man.

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yawn

its a moot point anyway. a monetary policy aimed at stabilized prices is impossible abd nobody is arguing for one.

you're still talking to yourself.

No, he answered you, you just turned off your brain. That passage IMPLIES that permanent deflation can be good.

Also, methinks you keep shifting the goalpost and not really addressing the other argument.