STOP
You have ten seconds to tell me why deflation is a bad thing
STOP
Ian Cooper
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Wyatt Sanchez
Prevents investment in capital because people can make money by speculating on money.
Colton Perry
Nothing is wrong with it, if it occurs naturally within the market. Costs go down, wages generally stagnate, and then begin to fall as a result, and purchasing power rises dramatically.
However, when the government influences it, it causes costs to go up, wages to drop, and purchasing power to lessen dramatically.
The government is fucking horrible at every single job it does, private industry will ALWAYS be better in every aspect than the government. Private industry has consequences to its actions and a limited, realistic, budget.
Kayden Edwards
The economy is stagnating.
Jaxson Ortiz
>people can make money by speculating on money.
They do that now
They take out loans speculating on continued inflation
Ryder Stewart
>However, when the government influences it,
When have they ever done this
> it causes costs to go up
wat
Matthew Edwards
It is a good thing for people with savings, a bad thing for people with debt.
If you owe 10,000 USD and the dollar undergoes deflation, you have to work harder for that 10,000. If you owe 10,000 and there's inflation though, you don't have to work as hard.
John Russell
the problem is that most peoples net worth is largely tied to the value of their home
deflate the economy and their assets evaporate overnight leaving many underwater financially
Carson Barnes
if your money is becoming more valuable by doing nothing, it becomes profitable.people will horde it this will mean ppl will stop spending money on other stuff an economy depends on people buying stuff
I AM NOT SAYING SPEND MONEY RECKLESSLY
Grayson Cook
It's fine unless you're the petrodollar country, which we are. There's no point to do anything other than push for inflation since our currency is forcibly tied to oil by OPEC (they only sell oil for US dollars). That's why Trump said we could literally just print more money to get out of debt. It sounds retarded to normies, but he's actually in on the petrodollar concept and understands the rest of the world absorbs the harm of inflation as long as oil is something a modern nation needs to survive (which will remain the case for the foreseeable future).