@[email protected] to World [email protected]English • 3 months agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square128fedilinkarrow-up1217arrow-down17file-textcross-posted to: [email protected]
arrow-up1210arrow-down1external-linkChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.com@[email protected] to World [email protected]English • 3 months agomessage-square128fedilinkfile-textcross-posted to: [email protected]
minus-squarecircuitfarmerlinkfedilinkEnglish49•3 months agoI’m glad this got press. Such slowdowns tend to be good for the average person. They’re bad for speculators, investors, shareholders – mostly rich people who are too moneyblind to see that endless growth is untenable. To those people, I say: fuck you.
minus-square@[email protected]linkfedilinkEnglish18•3 months agoYour thinking of disinflation, not deflation… Ask the average person how great the Great Depression really was to live through.
minus-square@[email protected]linkfedilinkEnglish-1•3 months agoDeflation was a symptom, not the cause, of the great depression.
I’m glad this got press.
Such slowdowns tend to be good for the average person.
They’re bad for speculators, investors, shareholders – mostly rich people who are too moneyblind to see that endless growth is untenable. To those people, I say: fuck you.
Your thinking of disinflation, not deflation…
Ask the average person how great the Great Depression really was to live through.
Deflation was a symptom, not the cause, of the great depression.