ManyKeys @ManyKeys - 3d
> 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.
Kevin's Bacon @Kevin's Bacon - 1d
Also, methinks you keep shifting the goalpost and not really addressing the other argument.
Kanzan @Kanzan - 22h
I literally never said that there was anything wrong with deflation during periods of increased real productivity.
