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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Mike Buckley who wrote (3414)7/4/1999 12:42:00 PM
From: LindyBill  Read Replies (2) of 54805
 
Some people are suggesting that the Internet has the potential to have the same impact as railroads, including beneficial deflation.

Its a lowering of operation costs for business by increasing efficiency. This whole computer revolution is why we are having this fantastic growth without wage and price increases.

The fact that you are reading about it as "Deflation" really pisses me off. There is a constant attempt to hide the cost of Inflation and Deflation by using these terms in other context's than money and productivity. I know I am in the minority on this at the moment, but, eventually, I believe every one will accept a definition of Deflation as:

A lowering of prices and wages caused by productivity increasing faster than the money supply.
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