Nobody ever told you that, and I'm certain you can't point to any printed source to support your comment.
Lol ever seen... idk... CNBC? or Fox a half a decade ago before the Democrat was there to knock? Or countless articles in the Wall Street Journal? Or Forbes? Or Bloomerg?
How about the fact that the Monetary and Fiscal policies of most major economies around the world keep drifting towards more of both?
http://www.forbes.com/sites/greatsp...w-higher-taxes-would-be-good-for-the-economy/
http://www.wsj.com/articles/SB10001424052702303873604579491982444345254
...But as long as you assert that you're sure, I guess it never happened. So much for that.
Go ahead and move to a country that is in a deflation spiral and see if you enjoy living there more.
Singapore is doing just fine. So is Hong Kong. So is New Zealand. In fact they're doing a hell of a lot better than the countries who have chosen to run up their national debt to absurd levels, some even surpassing the GDP of the nation, who are now trying to inflate away their debts by STEALING the purchasing power of their currency from their citizens to try and pay for their reckless behavior. Yeah. Deflation would more certainly cause their default. But let's not pretend that they're going to pay back the money they owe anyways. And let's not pretend that making a loaf of bread cost $10 instead of $1 is better for anyone.
Or actually, you might not even have to move, as the Eurozone is moving right into deflation at the moment. Let's see if you will still cheer for falling prices when you're unemployed.
Case in point. And yeah, The worst thing that could happen to me is that the price of the things I need to live goes down. I mean, I would just HATE the stuff I need being cheaper. Let's STEAL my purchasing power through inflation and force me to buy things sooner instead of saving and investing my money for later use? Hell, If inflation is so good, why don we do like 10% a year? how about 20%? I mean, if it's so good, how can we have too much of a good thing? Why don't we turn it into how Belarus is right now, where people are spending their cash buying anything that anyone will sell, because their currency is losing so much value they want to be able to trade in real assets, instead of worthless paper? I mean, look at all the demand it stimulated!!
Lose my job?
1. If I lose my job, maybe it was a job that was a creation of an inflationary/high debt environment that should not have existed to begin with, and would not have existed without the government intervening into the economy where it doesn't belong in the first place? Or something?
2. Maybe that would free me up to do something a little more productive than throw money into whatever asset the Federal Reserve feels like inflating... or, I mean "Stimulating" at the time? Maybe engineer something that would actually be useful, and better me and society?
...Nahhhh let's keep pretending like we're the smartest people in the room and distorting the economy as we see fit. I mean, it's going so well and all. Better.
Prices have always gone up, but at least where I live, people can afford more now after one hour of work than they could when I was a kid (3 decades ago). Still, people whine about inflation.
No they haven't. In fact, declining prices were a common thing before the Federal Reserve. It only makes sense. As you get better and more efficient at producing things, It cost you less to produce the same things, and so they can be sold cheaper. Rising prices as a product of a distorted monetary supply. That's why when people divide this year's prices by last year's prices and get their inflation number, its wrong. If you want an accurate number for how much prices increased, you need to take prices now and divide it by what prices WOULD HAVE BEEN if X central bank wasn't inflating their currency into oblivion. And yeah, I whine about inflation because they have NO RIGHT to STEAL the value from MY ASSETS. And if you like asset devaluation so much, why don't I go and beat the crap out of your car with a bat and see how much you like that asset devaluation? I mean that'll stimulate the auto body industry if nothing else. Isn't that great?
