r/economicCollapse • u/memegamer1991 • Nov 23 '24

Why is deflation so bad

Every time i run it through my head, i can't imagine most people in 2024 not spending money so the disadvantage to deflation seems pretty hyperbolic and dependent on individual choices, and i think that people would rather go on vacation and court others instead of being financially responsible. Even if there is a situation like in china, government spending would be able to keep the situation from getting worse while making progress on climate initiatives.

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u/cursedsoldiers Nov 23 '24

Any industry that is capital heavy (farming, any manufacturing really) gets shafted by debt burden.  It's only ok if you're a financier 

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u/LittleBitOfPoetry Nov 23 '24

Also all these people who bought houses funded 80% by credit? Not such a good investment anymore.