&gt;Sales are down down. Total sales. Not &quot;high end sales&quot;. All sales.<p>For how long? A few years? Prices have been dropping rapidly for many decades. Yes all sales are down, because you don&#x27;t need high end computers any more, which also means you don&#x27;t need to replace old computers as often.<p>&gt;The economy is growing. The population is growing. Everything is growing… except your money supply.<p>Yes, that&#x27;s why prices get lower to compensate.<p>&gt;You have to make products cheaper with fixed wages, your personnel costs will explode, until it&#x27;s no longer affordable to pay the current rates.<p>That&#x27;s illogical. If you need to cut wages in order to decrease prices, you aren&#x27;t growing, you are cutting costs.<p>&gt;Same with rents: Building housing will become progressively cheaper. Rents, land taxes, etc. will have to go down to match these prices, or nobody will be able to afford living in existing housing any more.<p>If they will have to drop so be it. But I doubt that the costs of building the house is what determines property prices, it&#x27;s more about the location.<p>&gt;We had inflation with gold standards (because you can debase your currency anyway).<p>No, inflation started after gold standards were abandoned. As you wrote previously, the 1-2% inflation caused by influx of gold from the new world was seen as catastrophic at the time.<p>&gt;We had crashes and bubbles with gold standards (and pre-gold-standard gold based currencies, which you conflate too…).<p>Not nearly as often. Yes, bubbles did happen as rare occurences, today they are seen almost as an unavoidable part of the economy.<p>&gt;The destruction of the middle class and impoverishment of the lower classes aren&#x27;t a result of fiat currencies.<p>That&#x27;s not what I said, but it could be so. Avoiding inflation is much easier for the wealthy after all.<p>&gt;Except that deflation will result in a shortage of investment even where there is objective need.<p>There is no reason to believe it would.