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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1w4api1/petah/p774gl8/?context=3
r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago
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577
Deflation is worse than inflation.
It means price can't go up anymore because ppl can't afford, businesses need to slack ppl off to stay afloat, which make ppl poorer and even less capable of buying stuff.
It's a death spiral
2 u/_probablyryan 6h ago businesses need to slack ppl off to stay afloat Well in current year they could cut executive compensation and achieve the same outcome without laying anyone off... Operative word there being "could."
2
businesses need to slack ppl off to stay afloat
Well in current year they could cut executive compensation and achieve the same outcome without laying anyone off...
Operative word there being "could."
577
u/SuspiciousSnotling 9h ago
Deflation is worse than inflation.
It means price can't go up anymore because ppl can't afford, businesses need to slack ppl off to stay afloat, which make ppl poorer and even less capable of buying stuff.
It's a death spiral