r/PeterExplainsTheJoke 8h ago

Meme needing explanation Petah?

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u/StuartMcNight 8h ago

Low inflation might be the first step towards deflation. Many economists would argue that deflation is a worse situation for the economy because it leads to a sharp drop of consumption and therefore a huge recession follows?

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u/[deleted] 8h ago edited 7h ago

[deleted]

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u/ACcbe1986 7h ago

We have 250 years of experience creating inflation. I don't think we will have any issues finding creative ways to battle deflation.