r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

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u/Gentle_Snail 8h ago edited 8h 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 7h 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/leconteur 7h ago

If you get to keep your job or customers.

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u/Sakarabu_ 5h ago

People aren't currently keeping their jobs or customers due to inflation though, no one can afford to run their businesses when raw materials, fuel, and taxes are so high.

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u/dirtsmurf 5h ago

It can get so much worse.
Like, people sell their children worse.

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u/PcHelpBot2030 2h ago

That is why there is a whole other problem area on the opposite side when inflation is too high. Typically, in modern economics a healthy inflation is around 2%.