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Replying to Avatar Dikaios1517

Read a post from my nephew today, who is a financial advisor, explaining to his following how inflation works and that it is "a fundamental feature of capitalism." Moreover, he told them "Prices dropping is called deflation, and while that might sound good, it's actually really bad for the economy."

Trying to decide whether it is worth my time to educate him...

All of the responses he got were from folks thanking him for helping them understand inflation and why it is necessary that things get more expensive all the time...

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Guy Swann 5mo ago

Where is the post? 😈

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Dikaios1517 5mo ago

On Facebook. I just asked him a couple pointed questions about what causes inflation, and whether there is a distinction between deflation caused by debt-unwind vs deflation caused by improved productivity thanks to technological advancement. Then I suggested he reat The Price of Tomorrow by nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqpp4mhxue69uhkummn9ekx7mqux2c7y.

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