• dx1@lemmy.world
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    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
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      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
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        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
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            1 year ago

            Try thinking for more than two minutes about the actual fundamentals, jfc. 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.