How A Kid Earned $2m Before He Could Drink – And The Shocking Way He Lost It

Re:How A Kid Earned $2m Before He Could Drink – And The Shoc... by forensic on Saturday December 12, 2009 @03:28AM (#991329)

Deflation is a good thing. It means the cost of living goes down.

As long as you have a fungible currency - a liquid currency - deflation is a boon.

Everything should be getting cheaper as technology advances. The only reason it doesn't is because of the influence that codexon has been trying to explain. The currency game is zero-sum. It was designed that way. It's one giant pyramid with the BIS at the capstone.

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Re:How A Kid Earned $2m Before He Could Drink – And The Shoc... by nazgulnarsil on Saturday December 12, 2009 @04:12AM (#991355)

I never said deflation was a bad thing. although I agree that the current fiat monetary policy is fucked, calling it a pyramid scheme is naive at best.

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Re:How A Kid Earned $2m Before He Could Drink – And The Shoc... by forensic on Saturday December 12, 2009 @03:42PM (#991930)

Can you read? I didn't call it a pyramid scheme. I called it a pyramid.

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