I am a deflationnist...

[Visaria]

Norway's inflation rate over the last 500 years:

http://www.norges-bank.no/templates/article____14010.aspx

"There have been long periods of price stability:

* Prices were generally stable in the period from 1630 to 1700, rising by an average 0.3 per cent per year.
* The longest period of price stability was from 1842 to 1914. In this period, prices rose by 0.6 per cent annually."

If Bernanke and side kick Geithner were around then, they would have destroyed Norway.

 

[Kassz007]

Quote from Visaria:

Strange arguments against deflation. I bought a computer the other month even though I know if I waited till this month I could have bought it cheaper and probably better spec as well. The reality is that people don't wait to buy just because stuff becomes cheaper. If you expect food prices to go down next week, do you say to yourself, "hey, i ain't eating anything this week, it will be cheaper next week!"

I would love it if there was general price decreases. Imagine, everything becoming cheaper to buy, week after week!

Of course there's a limit to deflation. Prices can't go below zero. It's the exact opposite with inflation. Prices can go to infinity (well, close enough!). Just ask a Zimbabwean.

1. Quickly changing technology has nothing to do with inflation or deflation.

2. Food is essential for survival...of course people will buy it no matter the cost.

You need to think these things through before posting.

A simple economics 101 book at Chapters will inform you properly.

 

[Kassz007]

Quote from Scataphagos:

Imagine... people who formerly could not afford to buy a house or car, could. Yeah, deflation is a really rotten thing.

Those people won't have a job anymore. How do you purchase a house or car with no job?

Again, think of the big picture. It's not as simple as "prices are lower so everyone can afford more things! This is great!"

 

[Kassz007]

Quote from Visaria:

My teenage nephew was of the same opinion. Told me we were in a recession because house prices were going down. Basically, he equated rising prices as a sign of prosperity and vice versa

You have no clue what you're talking about.

 

[SNBthetrue]

Quote from Kassz007:

1. Quickly changing technology has nothing to do with inflation or deflation.

2. Food is essential for survival...of course people will buy it no matter the cost.
...
A simple economics 101 book at Chapters will inform you properly.

1. Wrong. Of course yes, it's called commodity inflation/deflation opposed to monetary ones.

2. Nope, the cost is too high for more than 1B people on Earth.

Quote from Kassz007:

Those people won't have a job anymore. How do you purchase a house or car with no job?

Again, think of the big picture. It's not as simple as "prices are lower so everyone can afford more things! This is great!"

I will say it simply... How do you think that workers will be able to compete against ...

...
...
...

Robots... ???

Where is the trading floor of the 80's ?? Where are the factory of ford ? Where is the archiv dept ?


Work as you conceived it, is going the dodo way... sorry ^^ time change, even for slave masters...

...

Please think about the big picture... look at what industries are making money, and one which side they are...

 

[SNBthetrue]

a little exemple : http://en.wikipedia.org/wiki/Automatic_milking

I think that the first sentence says it all :

"Automatic milking is the milking of dairy animals without human labour."

 

[Visaria]

Quote from Visaria:

My teenage nephew was of the same opinion. Told me we were in a recession because house prices were going down. Basically, he equated rising prices as a sign of prosperity and vice versa

Quote from Kassz007:

You have no clue what you're talking about.

Um, no. I'm quite sure that is what he said and meant.

 

[SNBthetrue]

 

[Visaria]

Quote from Kassz007:

1. Quickly changing technology has nothing to do with inflation or deflation.

2. Food is essential for survival...of course people will buy it no matter the cost.

You need to think these things through before posting.

A simple economics 101 book at Chapters will inform you properly.

With regard to point 1: I was referring to the price of goods and services, not quickly changing technology.

With regard to point 2: Not true. A diagram showing demand and supply curves (see the simple economics 101 book at Chapters for more information) will quickly demonstrate that people will NOT buy food at any "cost".

You may wish to think these things through before posting further.

 

[Kassz007]

Quote from SNBthetrue:

1. Wrong. Of course yes, it's called commodity inflation/deflation opposed to monetary ones.

2. Nope, the cost is too high for more than 1B people on Earth.




I will say it simply... How do you think that workers will be able to compete against ...

...
...
...

Robots... ???

Where is the trading floor of the 80's ?? Where are the factory of ford ? Where is the archiv dept ?


Work as you conceived it, is going the dodo way... sorry ^^ time change, even for slave masters...

...

Please think about the big picture... look at what industries are making money, and one which side they are...

Survival of the fittest. Adapt or die. Robots taking over for human jobs...this is not new. Has been happening for decades. Somehow people still find work. What do you suggest? Stop technology from advancing? Stifle productivity? Accept it as an inevitability. If machines are taking over your job, you need to retrain in a new field, simple as that.

Do not fear the robots...embrace them.