20 ms·
What would it take to shift the balance of inflation to restore the purchasing power of the penny? Just out of curiosity how does a government and a people and
by jxramos 10mo ago
What would it take to shift the balance of inflation to restore the purchasing power of the penny? Just out of curiosity how does a government and a people and their economy go the other direction?
- alright2565 10mo agoDeflation is an economic disaster. The Great Depression, for example, was related to deflation.
- jxramos 10mo agoI don’t know one way or another but what specifically are the pain points of deflation and how do those compare to the never ending inflation? I’ve lived under inflation all my life, it’s a slow creeping nearly sub threshold insidious process that erodes the value of money. Buy what is life like under deflation, is there pain but ultimate correction to a sane state? It feels like there is no correction to inflation.
- alright2565 10mo agoIn Japan it is known as The Lost Decades: https://en.wikipedia.org/wiki/Lost_Decades https://en.wikipedia.org/wiki/Lost_Decades There is no "sane state" that is eventually reached, it is always painful. For Japan, it took the financial innovation of negative interest rates to finally address it.