2 ms·
Inflation/deflation is just one of many factors that affect the health of an economy, sure. But on a micro level, deflation is very bad for anyone with debt in
by skywhopper 11y ago
Inflation/deflation is just one of many factors that affect the health of an economy, sure. But on a micro level, deflation is very bad for anyone with debt in the deflating currency. In countries where that class includes a large portion of the population, deflation is bad for the economy as a whole.