Even without debt, sustained deflation is a sign the economy went to shit. Prices go down when there’s no one buying, if there’s no one buying companies close, people lose jobs, which causes other companies to go bankrupt and so on. Debt is the icing on the cake. People that think that long term deflation and deflationary policies are good never went through one.
Even without debt, sustained deflation is a sign the economy went to shit. Prices go down when there’s no one buying, if there’s no one buying companies close, people lose jobs, which causes other companies to go bankrupt and so on. Debt is the icing on the cake. People that think that long term deflation and deflationary policies are good never went through one.