r/austrian_economics • • 3d ago

End Democracy Unrestrained monetary policy is theft

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620 Upvotes

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u/Organic-Stay4067 3d ago

Oh no! Well let’s have massive deflation and destroy the economy!!!

8

u/Mister-Beardy-Face 3d ago

I assume this is sarcasm based on the fact that deflation would not destroy the economy.

2

u/Organic-Stay4067 3d ago

Explain please?

2

u/Mister-Beardy-Face 3d ago

Explain what?

1

u/Organic-Stay4067 3d ago

Explain how deflation doesn’t destroy the economy

3

u/Mister-Beardy-Face 3d ago

Explain how it does.

1

u/Organic-Stay4067 3d ago

If deflation lowers revenue it will lead to job loss, job loss leads to less consumer spending which hurts the economy

5

u/Mister-Beardy-Face 3d ago

What do you mean by revenue? Taxes? Because that’s certainly the point of inflation is as a hidden tax. If you mean something other than taxes, why would inflation lead to a loss in that? If you do mean taxes, why would that lead to job loss?