2 ms·

I've seen some people speculating that you could see a very complex mix of inflation and deflation, where things that everybody needs to buy would inflate (food

by jerf 4y ago

I've seen some people speculating that you could see a very complex mix of inflation and deflation, where things that everybody needs to buy would inflate (food, energy), and the optional things that people can cut out of their budget (expensive cars, boats, proportional to the ability of people to do without, do less, or defer purchases) could see heavy deflation. This wouldn't be good for the economy at all, of course.

SilasX 4y ago
There was a funny incident in 2011 when a Fed president claimed inflation was low because drops in the latter category canceled increases in the former, prompting heckles of "I can't eat an iPad": https://news.yahoo.com/news/blogs/lookout/fed-official-heckled-t-eat-ipad-20110311-122230-439.html https://news.yahoo.com/news/blogs/lookout/fed-official-heckl...