The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 29 days agoExplaining the inflation ratelemmy.worldimagemessage-square85fedilinkarrow-up11.13Karrow-down116
arrow-up11.12Karrow-down1imageExplaining the inflation ratelemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 29 days agomessage-square85fedilink
minus-squareKecessa@sh.itjust.workslinkfedilinkarrow-up3arrow-down1·29 days agoPeople would stop purchasing non essentials, leading to degrowth which is exactly what we need!
minus-squareKevonLooney@lemm.eelinkfedilinkarrow-up3arrow-down2·29 days 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.