• dx1@lemmy.world
    link
    fedilink
    arrow-up
    5
    ·
    1 year ago

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

    Prove it, no appeals to consensus or theory

    • Turducken@mander.xyz
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      1 year ago

      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.

      • dx1@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        1 year ago

        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”.

          • dx1@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            edit-2
            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.