Re:The Demoralization is just Beginning
by desumeku on Wednesday March 05, 2025 @10:54AM
(#43268252)
> Inflation sucks but deflation is a death spiral.
Do you actually have any evidence for this? Considering that we haven't experienced deflation in nearly 100 years, and all. The USA certainly wasn't "death spiraling" before we went off the gold standard, quite the contrary. But now it seems we are.
Re:The Demoralization is just Beginning
by lxgr on Wednesday March 05, 2025 @12:38PM
(#43269690)
Because the kind of USD used in global trade (Eurodollars) has been decoupled from the Fed and its gold standard for a while before Bretton-Woods was abandoned through various mechanisms.
Do you actually have any evidence for this? Considering that we haven't experienced deflation in nearly 100 years, and all. The USA certainly wasn't "death spiraling" before we went off the gold standard, quite the contrary. But now it seems we are.