mrmacduggan@lemmy.mltoAsklemmy@lemmy.ml•How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?English
6·
1 year agoIt’s still true that a deflationary economy would be a mess though. If we had deflation, the rich wouldn’t even bother investing and would literally just sit on a pile of gold like Smaug. I know trickle-down doesn’t work but an economy where nothing circulates would be hellish.
This is a pretty bitter and antisocial meme. God forbid that people enjoy a normal social life and live in a community where they have the opportunity to encounter people they care about and connect with them. Do you really prefer an impersonal and anonymous public life?