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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1w4api1/petah/p76c6e6/?context=3
r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 8h ago
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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?
1.1k u/thevoidthatjerksback 7h ago I doubt that anyone could explain this in a way where I would accept deflation as worse 18 u/fespadea 7h ago Deflation is bad for borrowers and good for lenders. Most people are borrowers rather than lenders, so it's bad for most people.
1.1k
I doubt that anyone could explain this in a way where I would accept deflation as worse
18 u/fespadea 7h ago Deflation is bad for borrowers and good for lenders. Most people are borrowers rather than lenders, so it's bad for most people.
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Deflation is bad for borrowers and good for lenders. Most people are borrowers rather than lenders, so it's bad for most people.
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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?