Post B6E1fgbwLn7tOvZyca by HatkeshiatorTND@annihilation.social
 (DIR) More posts by HatkeshiatorTND@annihilation.social
 (DIR) Post #B6DzsdHJqugWvByn6O by histoire3@shota.house
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       I love that everyone takes rising prices as a given nowIf you had asked someone pre federal reserve, they would have said that prices go down and taken that as a given
       
 (DIR) Post #B6E0A5GL3qo2dTqHnE by thatfightnerd@poa.st
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       The process was slower because cash was deflated below any reasonable supply. People used scrip or promissory notes instead of cash, meaning there was no velocity, meaning no expectation of higher prices.
       
 (DIR) Post #B6E0fzryeCCrB0fH4i by histoire3@shota.house
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       @jeffcliff@shitposter.world If they went up numerically it was because the currency went down in value, which doesn't happen much when your rate of inflation is limited by actual physical quantity Unless you're going to try and say that it took more wealth in 1900 to make a loaf of bread (arbitrary example) than in did in 1850, which is gonna be a tough argument
       
 (DIR) Post #B6E1fgJ9Te66SemyKu by histoire3@shota.house
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       @jeffcliff@shitposter.world Lol
       
 (DIR) Post #B6E1fgbwLn7tOvZyca by HatkeshiatorTND@annihilation.social
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       @histoire3 @jeffcliff the example travis corcoran gives is compute. compute used to cost an arm and a leg, now any ol' factory worker has a trillion vacuum tubes in his back pocket.