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Can it be "deflation" if the money was counterfeit in the first place?

Or: are you not responsible for the counterfeit money you borrowed?

And: if you lived off counterfeit money for years, "deflation" is just a return to reality, isn't it?

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sat May 15th, 2010 at 05:31:55 PM EST
Or: are you not responsible for the counterfeit money you borrowed?

That's beside the point.

The point is that the insistence on trying to make counterfeit money real (instead of just writing it off as counterfeit) is liquidating perfectly fine going concerns for no good reason.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat May 15th, 2010 at 05:42:40 PM EST
[ Parent ]
Hey, the counterfeiters are off the hook. After all, they already laundered their counterfeit money for bona fide assets...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Sat May 15th, 2010 at 07:29:28 PM EST
[ Parent ]

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