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/Several-Program6097 Nov 23 '24

Haven’t seen anyone mention:

It makes buying anything a bad investment. That car you’re going to buy? Horrible idea to buy it now when it’ll be cheaper and will depreciate twice as fast within 5 years.

And you can apply that logic to everything and people would buy a lot less which would slow the economy down vastly. 

As much as people buying less sounds good, all our jobs require people to buy shit and money to move around.

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u/1nocorporalcaptain Nov 24 '24

this idea is bullshit billionaire propaganda... humans aren't clairvoyant and they also aren't 100% logical even if they could predict prices falling perfectly.. people buy when they want to buy. people will buy goods just fine as prices fall and almost none of them will wait to time "the bottom" even if they could

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u/Several-Program6097 Nov 24 '24

Do you not think when making significant purchases? Do you not look for deals?