☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 7 days agoCapitalism and technologylemmy.mlimagemessage-square11fedilinkarrow-up1119
arrow-up1119imageCapitalism and technologylemmy.ml☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 7 days agomessage-square11fedilink
minus-squareXavienth@lemmygrad.mllinkfedilinkarrow-up1·7 days agoDeflation is really really bad. On a societal level, if people expect prices to fall, they will withhold spending today in favour of tomorrow. This decreases demand, decreasing prices, accelerating deflation until collapse.
Deflation is really really bad. On a societal level, if people expect prices to fall, they will withhold spending today in favour of tomorrow. This decreases demand, decreasing prices, accelerating deflation until collapse.