[Info-vax] HP stopping VMS paper documentation ?

[AEF]

On Nov 30, 5:20 pm, glen herrmannsfeldt <g... at ugcs.caltech.edu> wrote:
> JF Mezei <jfmezei.spam... at vaxination.ca> wrote:
>
> (snip, I wrote)
>
> >> Why is deflation so bad?
> > Bcause government have planned their finances based on assumption that
> > value of GDP will keep on growing. Not only because that increases tax
> > revenus, but also because the amount of money a goverment can borrow
> > "comfortably" is based on raltionship between debts and GDP.
>
> Washington state has no income tax, most state revenue coming from
> the sales tax.  (About as high as California, which also has an
> income tax.)  With the slower economy, state tax revenue sank even
> faster than the economy.  Without deflation, government costs stay
> the same or increase, but revenue decreases.
>
> Free market depends on prices to follow supply and demand.
> When you require prices and income to only increase, you
> remove much of the feedback that makes free market work.

And increase unemployment.

[...]
> -- glen

AEF