3 ms·
This, aside from the wage concerns mentioned elsewhere in the comments, is the huge problem with deflation. Anyone with debt (got a mortgage or student loans? T
by w4 12y ago
This, aside from the wage concerns mentioned elsewhere in the comments, is the huge problem with deflation. Anyone with debt (got a mortgage or student loans? This is you we're talking about then) gets a huge kick in the balls, which is compounded by wage cuts or, at best, stagnant wages.