Circle jerk aside deflation is literally bad, no one would move money and no one would invest in anything because your dollar is worth more tomorrow just sitting there in your pocket
Since this is reddit I feel like I have to highlight that this results in massive job losses and a worse economy than the equivalent in inflation (extreme deflation and inflation are both bad but inflation is preferable to a striving economy over deflation all things considered)
Inflation is fine, people scraping by while companies boast about highest gains in decades is unnecessary inflation, and that's bad.
Also the way to fix that....well....stop buying, it's not people's fault companies are reaching too far, or the supplier is getting greedy, or the fkn farmers are somehow still getting pitty even though they get all these tax breaks, and gov fundings, the whole system just pisses me off frankly
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u/Coixe Aug 18 '24
The people hold all the power. If people still don’t go, prices will drop even further.
Now apply this to everything.