Please forgive me if I sound economically illiterate, but isn't Keynesian economics about government intervention in the economy? So far I haven't seen Kenzan call for state intervention so people saying he is a Keynesian makes no sense.

Reply to this note

Please Login to reply.

Discussion

The idea that all deflation is always bad and always leads to recession or depression

What I'm getting is that deflation leads to less spending, which can be a risk factor or recession/depression. However, I think there are way more factors that can lead to either scenario besides deflated currency.

which nobody here said

Not explicitly but you said deflation stated that it will disincentivize investment which implies it is bad. I’m not sure where you stated it was ever good.