r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 8h ago

Meme needing explanation Petah?

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u/feralkitten 5h ago

The prices only go down when people don't have enough money to buy things.

isn't that where we are now? I mean kids aren't moving out of their parents house. And everyone has either multiple roommates or multiple jobs. Tech is laying off, and no one is hiring.

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u/gicjos 5h ago

Nope, still not bad enough, that's how bad deflation is. But it does seems to be going this way

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u/ChocolateNo3010 4h ago

Would we see negative interest rates if this happpened? Among other things?

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u/No-Lake-8973 4h ago

That's one way central banks have historically tried to combat the issue, so it's conceivable it would be used again should we face deflation.