moonbat1775

How Does Deflation Actually Happen?

Good article.

Perhaps you should add Person 6 who is screwed by inflation when the loans are made and loses his job from deflation when the loans are repaid. I reckon the best thing for the Person 6 is for everyone to default on his mortgage payments?

It is time to rethink money and fractional reserve banking EXCEPT the Austrian Economists have already done so.

Competing currencies WITHOUT fractional reserve lending are both honest and capable of endless growth without a central bank.
They are also STABLE.