Posted 12/27/2013 09:51 (#3550417 - in reply to #3550292) Subject: Re: How does an economy with no inflation/deflation function?
All assets, currency included are a store of value. Unfortunately (IMO), throughout history, labor is regarded as having little value. A nation can be prosperous when labor is rewarded, stagnates or rewards
those who don't work in a declining economy.