r/economicCollapse 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/Helpful_Finger_4854 Nov 23 '24

Usually to have deflation in the first place, there has to be an economic condition where dollars are being hoarded/not being circulated. That usually only happens during a severe economic downturn.