r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

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u/Terpcheeserosin 8h ago

Why does things costing less make people buy less?

If wages stay the same, shouldnt people just buy the dip?

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u/Poland-lithuania1 8h ago

It isn't things cost less, it's money can buy more. Isn't it better to save that money for the future, when it's probably gonna be able to buy more?

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u/Lazerbeams2 8h ago

Wouldn't that mean that the long term effects after deflation are better for quality of life though? Cost of living goes down, which results in people being able to live more comfortably on the same wages. Sure, the economy isn't growing but it doesn't sound that bad to me

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u/GhostPantzz 7h ago

Millions lose their jobs. 401ks are nuked, economic development is halted and even set back years. Lower prices are nice though

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u/Lazerbeams2 7h ago

Ah. That explains it. Sounds pretty horrible. Inflation slowly crushes you, but deflation hits you in the face with a brick