Comment: "Deflation is the only source of economic growth"

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Michael Nystrom's picture

"Deflation is the only source of economic growth"

I heard someone say that the other day.

I've been thinking about that statement over the last few days. Whenever someone says, "the only thing" I'm skeptical.

But deflation definitely is A source of economic growth. Look at the deflation in cell phones, computers, etc. It has allowed the technology to spread throughout the economy & all the efficiency gains that resulted in...

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.