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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?


To: JF Quinnelly who wrote (534)8/5/2011 2:05:15 AM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 621
 
He could do with some deflation of this: < "apoplithorismophobia" — a fear of deflation.> The word is longer than the definition. Words normally encapsulate an idea in a shorter form.


Also, a phobia is an irrational fear, not a fear. Islamophobia for example is a silly word because fear of Islam is quite sensible. Lack of fear of Islam is irrational. They hack off heads of people they dislike. Fear of that is perfectly sensible. So his word is misguided. Maybe he'd argue that fear of deflation is ipso facto irrational, because with Big Ben's fleet of helicopters in action, it won't happen, so it would be tautological to write "irrational fear of deflation". Also that deflation is inherently not scary so it's also irrational on that basis.


I like the idea of deflation. Inflation has always annoyed me. When things get cheaper, I like it. When my hard-earned money is depleted even when it just sits there, due to inflation, it's really annoying. Promises broken are generally despised. As a youngster, I took literally "Promise to pay on demand ..." as written on bank notes. To learn it was all a lie and charade was disconcerting.


The current deflation in the stock market and NZ$ suits me just fine.


Mqurice


PS: It's good to see you are still in action.