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@ _DannyS
2025-06-14 20:21:06
You are correct about technology, and like Jeff Booth says, the natural state of free markets is deflation. The problem is that deflation in a credit based system is disastrous (1929) and must therefore be unnaturally manipulated by constantly expanding the supply. Ask why does the fed have a 2% inflation target? What is magical about 2%? Nothing. But it's high enough to hopefully avoid collapse and low enough that hopefully you don't notice how much is being stolen from you.