Quote: (01-28-2014 07:18 PM)Blaster Wrote:
Behavioral economics aside, price deflation favors people who have accumulated currency, while making it harder for new producers and consumers to get started.
Wait a minute, so people are rewarded for being responsible and saving their money? What a crazy notion..Your argument could easily be reversed. Price inflation favors firms that have already acquired assets. Or look at home buyers for instance. The baby boomer generation made a fortune just watching their house values go up. How many 25 year olds today own a home?