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In a deflationary spiral, both unemployment and the cost of goods go down. It is considered a time of prosperity for the layman. Any worldview in which this is
by mouse_ 4y ago
In a deflationary spiral, both unemployment and the cost of goods go down. It is considered a time of prosperity for the layman. Any worldview in which this is a bad thing can only be considered an evil one.
Sure, inflation is cool because it shrinks our debt to nothing, but then what is our economy and social structure based on? Only lies. Even children can see now how this system is collapsing under the weight of its own absurdity and demoralization. I've had it to here with these banker-centric rationalizations of why it's a good thing that the average employee gets screwed harder and harder each year.
- kemotep 4y agoCan you please provide evidence to your claim that deflation leads to lower prices and unemployment? That is a claim that contradicts most modern understandings of economics. The last major deflationary event in the United States was the Great Recession and personally that seems a little out of touch to be calling that a time of prosperity for the layman.