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> You mean with deflation people will suddenly no longer want for more money? Sign us up! No, they mean that people will want jobs and not find them. [additio
by ska 5y ago
> You mean with deflation people will suddenly no longer want for more money? Sign us up!
No, they mean that people will want jobs and not find them. [addition: this is at least the orthodox view behind small inflation targets as policy, that on the whole it's the best trade off]
- friedturkey 5y agoJapan is said to be deflationary (until covid at least) and lacks an unemployment problem.
- ska 5y agoIs japan deflationary in real terms? Even if so I suspect the economists would argue endlessly about "other factors". Either way, I'm not saying I believe the analysis, but when economists talk about the problems of deflation they aren't afraid that people will have "enough" money.