time to exit all cryptocurrencies imo, page-319

Re 'inflation is theft', 'zero inflation', and why negative inflation is bad:

My point was simply that inflation is not theft, and that healthy levels of inflation is positive for an economy. I just said that if there were to be no inflation then that would imply that the market is more constrained with regards to the flexibility of prices of goods and services in response to changes in demand and supply. This is largely why Australia and other economies have a target of around 2 - 4%. This is the accepted band in which economies grow at a healthy rate. This isn't a 'subjective construct' - it's a fact. As I said, the government doesn't actually control inflation, consumers do. The government just responds to it through monetary policy. However (and again, as I have also said), inflation is now largely kept in check by expectation theory and the very existence of an inflation target, as proven by history.

I'm not responding to you anymore as it's clear you're just looking to argue, and I really can't be bothered with that. The only reason I have done so up until now is because economics is interesting

Good luck with your investments!