r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

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u/thevoidthatjerksback 8h ago

I doubt that anyone could explain this in a way where I would accept deflation as worse

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u/GenericGrad 8h ago

Deflation means not spending money creates wealth because money is worth more tomorrow.

Basically it means doing nothing is a good strategy. Doing nothing isn't the point of life or anything.

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u/thevoidthatjerksback 8h ago

Hobbits disagree with you on that. Also banks pay interest on savings accounts. Arguably the richest already are on the do nothing train. Deflation would just allow for everyone to benefit from that

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u/GenericGrad 8h ago

Banks are doing something. During severe deflation banks won't pay interest generally and will start charging you fees to have a savings account cause their cost of providing a service is now more than what they can make doing something with your money.