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And that’s why the fed ensures we have a mildly inflationary currency. If it deflated spending would drop, cutting the velocity of money, and cutting out economic growth.

"If it deflated spending would drop"

That statements not a given. If it were so, people would not use credit cards.

That’s interesting, I’ve never thought about credit cards as a sort of deflationary virtual currency.

You're discounting the technology sector and nearly the entire 19th century.

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