• Liz@midwest.social
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 month ago

    Probably because most people are too lazy to explain that deflation is a bad thing and incredibly hard to get unstuck. The “ideal” scenario is one where inflation stays low and wages outpace it. A small amount of inflation is a way to stop billionaires from sitting on piles of cash. At least with inflation they’re incentivized to spend it on investments, some of which are good for the economy.