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The fear is that falling prices will contract the economy, because people will not spend today if they are going to be cheaper tomorrow. I don’t have any sense
by amanaplanacanal 3y ago
The fear is that falling prices will contract the economy, because people will not spend today if they are going to be cheaper tomorrow. I don’t have any sense as to whether this fear is reasonable or not.
- qp11 3y agoIt is probably a fear, if ever expanding economies are defined as the Goal. But that goal doesn't make any sense since Technology shrinks activity. I think we have to work on testing out different goals beyond GDP and CPI targets. They seem outdated.
- mildchalupa 3y agoCollective alignment of citizens with Maslow's hierarchy of needs.
- Paul-Craft 3y agoHoly hell, this guy gets it! I regret that I have but one upvote to give you, @mildchalupa. It's really frustrating to wade through this sea of comments that includes a guy who is saying unironically that living in a tent while starting a business is a viable option for most people, and a whole bunch of other people who just don't seem to get the idea that the economy is literally people, and if it doesn't work for people, it doesn't work, period.