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

Well given we have limited resources and climate change is causing a lot of issues, we really should stop growing the economy and creating more inflation, because we're going to see widespread deflation over the next few decades. Everything we build up now will come back down, as we refuse to build for the new world & cling to the old one.