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I 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.
by moltke 5y ago
I 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.