3 ms·
I think you're misunderstanding macro-economic deflation vs. technology advancing. Mass production and technological advancement reduce prices, sure, but whole
by tradersam 10y ago
I think you're misunderstanding macro-economic deflation vs. technology advancing.
Mass production and technological advancement reduce prices, sure, but whole economic deflation makes debt's real value increase, basically exponentially punishing people holding debt while favoring lenders, where as inflation obviously does the opposite. So, the majority of people with a mortgage, car or student debt get screwed during a deflationary event.