minus-squareXavienth@lemmygrad.mltoSocialism@lemmy.ml•Capitalism and technologylinkfedilinkarrow-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. linkfedilink
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.