3 ms·
If you think something will be cheaper next year, you’ll defer purchase. Entrepreneurs will defer investment. Reduced investment, reduced productivity. Reduc
by eucryphia 2y ago
If you think something will be cheaper next year, you’ll defer purchase.
Entrepreneurs will defer investment.
Reduced investment, reduced productivity.
Reduced productivity, stagnant wage growth.
Reduced taxation.
Fewer public servants.
Public servants should avoid deflationary policies at all costs.