Comments by "Shorewall" (@shorewall) on "We're Going to Have Another Great Depression." video.

  1. Look, I don't hate or fear Russia, but they are not an example for anyone to follow.
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  2. I generally see deflation as better than inflation. It empowers savers. It removes housing as an investment vehicle, which prices them out the reach of those who need them. (Houses should be like cars. They both inherently provide value, and everyone needs one. They should not be speculative and overpriced.) With inflation, debt gets smaller, so bad loans are often issued. With deflation, loans must be carefully considered with an path to profitability. You can save for a house, you can save to start a business. Inflation requires debt to do anything. And deflation is just more human. Normal people can understand a deflationary economy. Inflationary economies are anti-human, and require unnatural moves that the common person doesn't understand. Investment, debt, financial constructs, it's all a scheme. Normal people want to save, they need enough, not more than that, they want to work at one place for a long time.
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  3. The reason rich people invest is because of inflation. They have to invest or their fortunes will evaporate. With inflation, you have to either invest for a return that's higher than inflation, or spend it right away so you get the full value. The poor often spend right away, which leads to consumerism, and the rich invest, with often leads to mal-investment and bubbles. Inflation is the cause, and it is engineered by the central bank.
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  4. @Nate Holy crap, I love the internet. :D
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  5. Yeah, a comment without any points. Real convincing.
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  6. I'm already depressed, I want everyone else to be as depressed as me. :D
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  7. As long as you silence any dissidents, then yeah, everything's great!
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