this post was submitted on 02 Dec 2023
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Neoliberal

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Free trade, open borders, taco trucks on every corner. Latest discussion thread: April 2024 **We in m/Neoliberal support:** - Free trade and competitive markets

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In an increasingly polarised and performative society, vibes are now often trumping objective reality

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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

If the price of one thing falls, that's isolated. If the price level - the price of all things - falls, then that's deflation and it's historically been one of the most destructive economic events that can happen to an economy and to ordinary people and their jobs and livelihoods.

Wanting the price level to fall is far from rational, and the fact that people might think otherwise in spite of the historic precedents is exactly the sort of mass irrationality I am worried about.