☆ Yσɠƚԋσʂ ☆ to SocialismEnglish · 6 months agoCapitalism and technologyimagemessage-square11fedilinkarrow-up1204arrow-down15
arrow-up1199arrow-down1imageCapitalism and technology☆ Yσɠƚԋσʂ ☆ to SocialismEnglish · 6 months agomessage-square11fedilink
minus-squarem0darn@lemmy.calinkfedilinkarrow-up1·6 months 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-up1·6 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.
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.