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> […] prices would drop and there would be deflation, for better or for worse. I have yet to see an historical example of "good" deflation: * https://en.wikip
by throw0101a 5y ago
> […] prices would drop and there would be deflation, for better or for worse.
I have yet to see an historical example of "good" deflation:
* https://en.wikipedia.org/wiki/Deflation#Deflationary_spiral https://en.wikipedia.org/wiki/Deflation#Deflationary_spiral
- moltke 5y agoI think most of the poorer people would be happy with deflation right now. Between housing and fuel inflation hasn't been kind to people either.
- throw0101a 5y agoA lot of poorer people have debts, which would be made worse by deflation. Even the not-poor people who have mortgages are helped by inflation.
- chii 5y agothose poorer people imagines, incorrectly, that their jobs would remain when deflation happens.