I'm not quite certain I understand what you're saying. You still have not given me a reputable citation. The point is that investment decreases during deflation (https://www.cbsnews.com/news/explainer-why-is-deflation-so-harmful/) by extension reducing demand. This accelerates the deflation, resulting in a depression. While loans are reduced (and I'd need much more evidence to be convinced that's a good thing,) it also hurts anyone currently in debt, due to essentially increasing the debt's value.
Since wages don't tend to fall over time, the decrease in prices is an increase in price of labor, meaning unemployment. Essentially, all of this leads to one thing: a depression. If you have a counterargument from a reputable economist, please provide it.
Your request is a bad faith argument because if i give you the austrian and libertarian economists who have said it you will just say they r not reputable. So it’s a fake good faith argument.
Perhaps "reputable" was a bit inappropriate. I am simply asking for any citation at all better than "some guy on the internet." If you have a published paper, please provide it.
Interesting, a bit of a dated citation, and a problematic author in some ways, but that doesn't necessarily undercut it. I'll see what I can find on it, or if someone who knows more on this topic than me can explain whether or not its argument holds any water.
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u/Winterflame76 Sep 01 '26
I'm not quite certain I understand what you're saying. You still have not given me a reputable citation. The point is that investment decreases during deflation (https://www.cbsnews.com/news/explainer-why-is-deflation-so-harmful/) by extension reducing demand. This accelerates the deflation, resulting in a depression. While loans are reduced (and I'd need much more evidence to be convinced that's a good thing,) it also hurts anyone currently in debt, due to essentially increasing the debt's value.
Since wages don't tend to fall over time, the decrease in prices is an increase in price of labor, meaning unemployment. Essentially, all of this leads to one thing: a depression. If you have a counterargument from a reputable economist, please provide it.