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@ Jake Woodhouse
2025-05-11 10:18:39
"Deflation is always and everywhere a monetary problem. It's a slight modification of another saying — same is true for inflation, by the way, Freriedman said that. So, when goods get cheaper, those prices tell us something — that we can use this product more, and thats a good thing. Whereas deflation doesn't mean that the goods get cheaper, it just means that the money gets more expensive, which is an entirely different thing, although it expresses in exactly the same way — prices would be lower."
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Ep.47 / 11:08
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