☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 1 year agoCapitalism and technologylemmy.mlimagemessage-square11linkfedilinkarrow-up1206arrow-down15
arrow-up1201arrow-down1imageCapitalism and technologylemmy.ml☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 1 year agomessage-square11linkfedilink
minus-squarem0darn@lemmy.calinkfedilinkarrow-up1·1 year agoThere’s one before that too: Workers: well at least prices will go down in aggregate, so our dollars will be worth more due to deflation
minus-squareXavienth@lemmygrad.mllinkfedilinkarrow-up1·1 year 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.
There’s one before that too:
Workers: well at least prices will go down in aggregate, so our dollars will be worth more due to deflation
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.