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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?
(lemmy.dbzer0.com)
this post was submitted on 22 Jul 2023
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Let me try understand this.
Material cost or anything spent never change? We can't regret buying expensive computers in past? Everything, even if loan. Loan only default on bankruptcy, "no property ownership ban"? Do people want that?
Incentive of "profit" system. Until it backfires with overloaded money. Active income generate economy of production + money. Passive income skip production, overloaded money, inflation. Without profit system, big projects can only funded by slower tax/donations. But no one creating extra profit/inflation.
So you now get my point? Deflation happens because of good automation (slaving machine). Stopping passive income investment stops inflation. While waiting new automation, things get lesser labour and no inflation to demand additional income.
Where's the loophole in my opinion?