16
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

you are viewing a single comment's thread
view the rest of the comments
[-] Rocket@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

The real truth of it is that deflation is good for PEOPLE.

It is good for people as long as they don't have debt. Debt gets scary in a deflationary environment.

this post was submitted on 21 Sep 2023
16 points (76.7% liked)

Canada

7185 readers
290 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS