4 ms·
Why would prices go down? That's what no one wants to tell people. We have have 30 years of low inflation. Nothing becomes cheaper in a fiat money system.
by paleotrope 1y ago
Why would prices go down? That's what no one wants to tell people. We have have 30 years of low inflation. Nothing becomes cheaper in a fiat money system.
- jleyank 1y agoI think Japan has seen them go down in their deflationary period the last few decades. People holding their money waiting for the drop. Rather bad news for the economy and for anybody not holding cash. The system, as previous commenters have mentioned, is designed to trickle upwards.
- underlipton 11mo agoBecause, in a functioning free market, you make what you can, not what you want to. Burn enough value, lock up the printers, and companies will take less money for the same goods in order to continue having some revenue. That's how things become "cheaper" in a fiat money system.