this post was submitted on 21 Sep 2023
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The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

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[–] [email protected] 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.