Scott Vonasek
Aug 31, 2018 · 1 min read

I feel like the kid in the story about the kings new cloths pointing out that your argument is naked. You cannot tell your story using barter because it falls apart when confronted by reality.

Do you have a plan for retirement? If so do you assume that the cost of living will remain flat over your hopefully long retirement? If yes, please see a financial advisor, otherwise you are admitting that monetary inflation can occur even when the economy is not at 100% capacity.

With a fixed money supply increases in productivity (amount produced/hour of labor) would result in falling prices over time all else held constant.

As long as goods and services are available for the currency to purchase there is no inflationary pressure, as the market doesn’t know the difference between one unit of currency and another, responding only to the availability of real resources.

Reality. Currency is a good like any other. If relative supply increases its value decreases.

SMV

    Scott Vonasek

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