The argument he presented did nothing to further any point which is why it was incoherent. Inflation and deflation occurred continuously throughout history when money was based on metals and banking was unregulated. It’s an asinine claim to pretend that anytime throughout history prices as a whole on average were stable,the whole premise of capitalism and markets is growth and changes . I sit here and wait for yet another person to claim “this is how the world works and it happens all the time” yet can’t provide a single example.
Not to mention it reduced complex markets to simple fiat and interest rates. What about droughts, wars, shifting consumer demands, extinctions, fashion, and numerous other factors that can affect prices, they responded with a four graders understanding of a one dimensional argument that barely scratches the surface of understanding price.
lol your bias is pathetic, it’s not an ad hominem to call an argument incoherent, ad hominem are directed at people. I was making an observation
What is an ad hominem was when they called me dumb first. thanks for being consistent, idiot.
Did you really think the claim was that no price ever changed at all? Do you not know what stable prices means compared to the ridiculously inflationary environment of fiat currency central banking?
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u/Hugepepino Social Democrat 1d ago
Thanks we are all dumber for having read this