this post was submitted on 21 Sep 2023
15 points (74.2% liked)

Canada

7106 readers
318 users here now

What's going on Canada?

Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Regions

πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

πŸ’» Universities

πŸ’΅ Finance / Shopping

πŸ—£οΈ Politics

🍁 Social & 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
[email protected]
15
ANALYSIS | There's something worse than inflation, and it's on the radar for next year (www.cbc.ca)
submitted 1 year ago by [email protected] to c/[email protected]
28 comments fedilink hide all child comments
 

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
[–] [email protected] 8 points 1 year ago (1 children)

Was this article written by an insane person?

the current Goldilocks state of the North American economy

What?!

Much of this conflicts with the view, widely expressed in some form by commentators and political leaders of all stripes, that Canadians will benefit if the prices of things like groceries and houses would only go back to the levels they were at in the good old days, say, before the pandemic, so that people could afford them.

....

so that people could afford them.

🀯🀯🀯

No shit?

[–] [email protected] 1 points 1 year ago

The thing is we all wish that prices would come back down, but prices might be lower, you still can't afford what you want to buy if you lose your job or your salary goes down.