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Productivity is deflationary, deflation created the USA Middle Class #83

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davelab6 opened this issue Jul 10, 2024 · 0 comments

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davelab6 commented Jul 10, 2024 •

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https://x.com/VladTheInflator/status/1810204532871508438?t=hVwD76BQHJD53XuXokPO2w&s=19

I'm not making this shit up.....

DEFLATION in the 1800s gave birth to the middle class.

Inflation being necessary is 100% propaganda used by the rich to stay in power. To steal more and more of your money with zero effort.

The confusion seems to come from not considering the cause of deflation. A banking collapse from mal-investment is a very different cause than productivity gains

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