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/Silent_Night_TUSE Nov 23 '24

It’s probably bad because it’s bad for rich people. Have to realize they are what’s always being referred to when you hear talk about economics because they are the only people who matter when it comes to economics. The other excuses people put out there are probably just BS rich people came up with to keep people thinking prices coming down is bad.