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[quote] Was the famous internet tech bubble caused directly by government/central banking?[/quote] Yes. The question is which way it caused it. The Rothbardians think that it, and all other economic crises at all times with no effort to check the actual facts, was caused by the Federal Reserve inflating...
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Deflation has exactly the same harmful, economy-distorting effects inflation does, except in reverse. Every single reason you could cite for inflation being bad has a matching reason why deflation is. (a) For example, inflation does not happen evenly. You don't simply get paid more exactly the same...