r/PeterExplainsTheJoke 9h ago

Meme needing explanation Petah?

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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/gicjos 7h 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 6h 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 5h 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 3h ago

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