Conventional economists spinning deflation as “almost always bad” has always felt like pro-corporate voodoo bullshit to me. Especially when the inflation that proceeded it was driven by boardroom greed and pathological profit-seeking.
I’m not saying deflation is always good. But right now it would likely just be a correction back to the usual Reaganomics greed instead of the post-pandemic let’s-burn-it-all-down levels of greed.
Per the article deflations caused people to put off making larger purchases such as house because they’ll wait for prices to fall. As opposed to inflation when people put off large purchases such as houses because they cannot afford it with out saving longer.
It’s about protecting capital. The government literally ensures inflation so that accumulated wealth doesn’t decrease because profit is more important than you surviving.
Anyone that believes their survival relies on capitalism has been sold the narrative that benefits only those with wealth. Some are convinced that owning a billionth of a percent of the market makes them part of the game; like a younger brother handed a second controller that isn’t hooked up to the system.
Conventional economists spinning deflation as “almost always bad” has always felt like pro-corporate voodoo bullshit to me. Especially when the inflation that proceeded it was driven by boardroom greed and pathological profit-seeking.
I’m not saying deflation is always good. But right now it would likely just be a correction back to the usual Reaganomics greed instead of the post-pandemic let’s-burn-it-all-down levels of greed.
I think most things economists say is pro-corporate voodoo bullshit. It’s a social science, they’re the priests of the ruling class.
Well said. “Just ETF harder, bro!”
Per the article deflations caused people to put off making larger purchases such as house because they’ll wait for prices to fall. As opposed to inflation when people put off large purchases such as houses because they cannot afford it with out saving longer.
It’s about protecting capital. The government literally ensures inflation so that accumulated wealth doesn’t decrease because profit is more important than you surviving.
Anyone that believes their survival relies on capitalism has been sold the narrative that benefits only those with wealth. Some are convinced that owning a billionth of a percent of the market makes them part of the game; like a younger brother handed a second controller that isn’t hooked up to the system.