[quote=walterwhite]Growth may be the problem not the solution. Cancers grow nicely.[/quote]
Bingo!
The **solution** to our problems is deflation. Inflation favors asset holders. Deflation favors workers’ wages (stickier on the way down). Our problem stems from “growing” asset prices via too much debt. It means that workers can buy less with their wages, especially since wages have in no way kept up with asset price inflation (globalization sees to that). This leads to the wealth disparty and debt saturation that is at the root of our problems.
Deflation is the only sustainable solution to our problems. There is a limit as to how much damage deflation can do — prices will NOT go to zero, no matter how much the asset holders try to scare us with the “deflationary death spiral” fairytales. Inflation has no upper bounds (until it implodes); it can go on until every wage worker lives in dire poverty, and it causes much, much more damage than deflation ever could.
Know that those who have the money/power are the ones who favor inflation and try to scare us with made-up tales of deflation. Give me one example of a country that was destroyed by deflation (I can’t think of one — if Japan is the worst-case scenario, let’s have some of what they’re having!). Let’s compare that to the numerous stories of civilizations that were destroyed by inflation. Deflation is by far the better choice for working people, but it would reduce the wealth and power of the oligarchs who control us. That’s why they’re fighting it so hard.
