Logical Anarchy Today Episode 99 – Is Deflation Really That Bad?

Logical Anarchy Today – Logical Anarchy Today Episode 99 – Is Deflation Really That Bad?

Statist economists have, for a while now, tried to claim that deflation and the falling prices associated with it as bad. But should the purchasing power of money increasing be a good thing? Doesn’t that mean that the poorest of the poor are now able to have their money go farther? Isn’t that progress? As an example, the original Apple 1 computer sold for $666.66 in 1976. Factoring for inflation, that is equivalent to $2,841.11. Today you can by a laptop that is much better than the Apple 1 for $300. Has the economy and tech market collapsed because of that? Of course not.

Logical Anarchy Today Episode 93 – How Much Money Does the Economy Need?

Tom Woods Liberty Classroom

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