this post was submitted on 21 Sep 2023
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The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

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[–] Showroom7561@lemmy.ca 24 points 2 years ago

All I read is, "We've enjoyed record profits for these past few years, and we want to continue to enjoy record profits for years to come. Any change to that is bAd FoR eVeRyOnE."

The prospect of falling prices encourages consumers and businesses to put off purchases because they will be cheaper if they wait, sucking money out of circulation in the economy.

LOL, what??? You mean to shop sensibly, rather than buy on impulse, is a bad thing?

The gaslighting going on by economists and corporations is out of this world.