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> Deflation encourages people to not spend their money Oh the horrors! Maybe people will not spend their money on stupid shit, they might conserve instead of
by throwawaymaths 5y ago
> Deflation encourages people to not spend their money
Oh the horrors! Maybe people will not spend their money on stupid shit, they might conserve instead of destroy the environment. Maybe the middle class wont be forced into participating in the casino-for-privileged-mbas that is the stock market. Maybe we will stop having a siphon that steals the labor value from the lower class and drops it on the doorstep of the rich.
- hackyhacky 5y agoIn a deflationary economy, it's not just consumers who stop spending, it's everyone: companies stop investing, employers stop hiring. This leads to a vicious cycle. History shows us that deflationary economies can be more damaging that inflationary.