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Liberals never get tired of falling for the same tricks
(lemmygrad.ml)
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this post was submitted on 25 Aug 2023
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GenZedong
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This is what I’m very confused about. I read before that deflation is a sign of a slowdown/recession in the economy but like also having your current worth more/prices going down sounds objectively good to me? Is there any good Devil’s advocate position that can put forth any negatives for deflation because China certainly doesn’t seem like a slowing economy to me.
One devil advocates would be that debt increases in value. Since Americans are perpetually in debt, that would be bad.
Ah, good point. Pretty interesting stuff, never thought about that before