The Picard Maneuver@lemmy.world to People Twitter · 4 months agoExplaining the inflation ratelemmy.worldimagemessage-square84fedilinkarrow-up11.16Karrow-down116
arrow-up11.14Karrow-down1imageExplaining the inflation ratelemmy.worldThe Picard Maneuver@lemmy.world to People Twitter · 4 months agomessage-square84fedilink
minus-squareKecessalinkfedilinkarrow-up3arrow-down1·4 months agoPeople would stop purchasing non essentials, leading to degrowth which is exactly what we need!
minus-squareKevonLooney@lemm.eelinkfedilinkarrow-up3arrow-down2·4 months agoBut the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That’s why deflation is bad: it’s an uncontrolled brake on the economy.
People would stop purchasing non essentials, leading to degrowth which is exactly what we need!
But the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That’s why deflation is bad: it’s an uncontrolled brake on the economy.