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by margalabargala
3 hours ago
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> Imagine a world in which prices regularly go down That world results in a lot of people individually deciding "why buy now, when I can buy for less later" and sitting on their money. That in aggregate makes the economy much worse. You're up against human nature here. Money may be an arbitrary numerical denomination of value, but people's behavior around it and how that affects the economy at large need to be accounted for. Having prices slowly creep upwards over time (low inflation) tends to result in more, better things sooner. |
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Does it really? A lot of our problems seem to stem from conspicuous consumption. People will still need things (food shelter clothing) and that will motivate purchasing. "Oh n0es people won't buy flavor of the month consumer garbage, what ever will we do" just doesn't track.