r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 8h ago

Meme needing explanation Petah?

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u/Gentle_Snail 7h ago edited 7h ago

Deflation can also result in a very negative feedback loop, the Great Depression was a deflation spiral for example.

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u/Mayor_Death 6h ago

Is deflation a cause or symptom, though? To me, it’s just a number, but I understand that it is more than that to various economic groups.

As far as I understand it, deflation indicates that prices are going down, which is a good thing to me individually.

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u/gicjos 6h ago

The prices only go down when people don't have enough money to buy things. For the prices to go down most people will be in a really bad situation 

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u/GeoHog713 5h ago

Well, we're due for that, then.

It's harder to buy a house now, than during the Great Depression. Rent is through the roof. College is obscenely expensive. Wages have stagnated for decades.

The check engine light is on, and the temp gauge is in the red. Something has to give.

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u/Lemmywinxx 4h ago

Seriously.. All that gives, is corporations and rich people trying to put the blame on everyone else. The money printing only works for so long without actually addressing any problems for the people

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u/GeoHog713 2h ago

The oligarchs have not held up their end of the social contact

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u/Dasbeerboots 3h ago

What we need is reform, not depression. I don't think you understand how catastrophic that would be.

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u/GeoHog713 2h ago

I'm not advocating for it! Good Lord.

That's just where we are, and it seems that's where we're headed.

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u/Obvious_Mention7207 4h ago

Rent is through the roof

Whats nuts about this specifically is those that own a house and have owned for 30 years (So either assume paid off or refied low at some point that isnt recent) and are an empty nester just renting out 2 or 3 of their 4 bedrooms....

AT THE GOING RATE OF OTHER RENTALS!

Like... $950 for a room because an apt studio nearby is $1250.

Should be fuckin laws against this shit, but of course there isnt because "Capitalisim" and "They dont have to rent so they can rent at what they want"

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u/your_catfish_friend 4h ago

It’s actually cheaper to buy a 1920’s standard house now than it was then