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Inflation/deflation and the desire to avoid short-term pain - Steve Saville - Speculative Investor

Ahh, central bankers. Infinite money will bring infinite pain, but in the meanwhile enjoy the ride

Commented 2739 days ago

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Beginning of the headline :The desire to avoid short-term pain is a powerful motivator. Even in cases where it is known that the steps taken to avoid pain in the short-term will lead to greater pain in the distant future, people will often choose the path that entails lesser short-term pain. Also, there’s often the hope that if pain is postponed for long enough then something will spring up to circumvent the need to experience the pain. The relevance to the inflation-deflation issue is that the long-term cure for an econo... Read More

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