☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 6 months agoCapitalism and technologylemmy.mlimagemessage-square11fedilinkarrow-up1184arrow-down15
arrow-up1179arrow-down1imageCapitalism and technologylemmy.ml☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 6 months agomessage-square11fedilink
minus-squareXavienth@lemmygrad.mllinkfedilinkarrow-up1·6 months 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.
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.