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The actual way this happens is that there is a severe recession or depression, there is no more discretionary income for most families, and all savings has been
by encoderer 4y ago
The actual way this happens is that there is a severe recession or depression, there is no more discretionary income for most families, and all savings has been depleted.
Then, people start working for less money because they have to. Prices drop, and it creates a positive feedback loop because anybody that does have money is going to hold onto it while its buying power increases daily.