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0 pointshliyan6y ago0 comments

> Inflation is already almost zero in much of the West

I'm not an economist, but the Big Mac Index would suggest otherwise.

> then the only way to add a dollar to your pile is to permanently make someone else a dollar poorer

What's suggested is not to stop the production of wealth, but the rate of growth of production of wealth.

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Please please please can you (and everyone else) be clearer about whether we're talking about stocks or flows, and whether we're talking about money, financial assets or physical capital assets when we say "wealth"? Otherwise I can't make sense of this.

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0 pointshliyan6y ago0 comments

> Inflation is already almost zero in much of the West

I'm not an economist, but the Big Mac Index would suggest otherwise.

> then the only way to add a dollar to your pile is to permanently make someone else a dollar poorer

What's suggested is not to stop the production of wealth, but the rate of growth of production of wealth.

0 comments

pjc506y ago

j / k navigate · click thread line to collapse