this post was submitted on 15 Sep 2023
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[–] [email protected] 5 points 1 year ago (1 children)

Yes, mild inflation (2-10%) is a sign of a strong economy.

Prove it, no appeals to consensus or theory

[–] [email protected] 1 points 1 year ago (1 children)

Ok, you're right. It depends on an individualcs defination of a strong economy. Generally, in a stable nation, a economic depression is accompanied by deflation. I can trot out FRED graphs that agree with me, but graphs are funny like the pirates vs global warming joke.

All that said, generally, in a stable nation, when alot of working folks are losing their jobs inflations slows hard or we hit a lil deflation.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

A strong advancing economy means goods/services are easier to come by/afford (more advanced tech/infra), which for a currency with the same supply would mean decreasing prices, i.e. "deflation".

[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Try thinking for a minute about the actual fundamentals. Same number of people, same amount of money, same amount of time put in, more goods produced, goods cost less.

People treat economics like a frigging religion, IDK how people end up believing the opposite of something so basic as that. And then to actually get that arrogant over it, saying I sound like a bad LLM bot. That's just rude.