"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Are Falling Prices a Bad Thing?
Submitted by Westernerd on Thu, 2015-01-29 04:00
Since the beginning of the Industrial Revolution, technological advances in all industries, from farming to electronics, have lowered the cost of producing goods and services, so if money really kept a constant value, prices would continually fall to reflect the fact that it really does cost less to produce things. Even a stable price level means the value of money is falling, because it is not accounting for continually declining costs of production.
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