So you keep buying what you need, but skip getting what you want because the prices will go down next week, and business feel the crunch because the money isn't coming. How long can you go in your old shoes or with the old iphone vs how long can businesses burn money paying salaries, but w/o income?
You're downvoted but I can see where you're coming from. Your perspective is of someone that finally sees their paycheck doing something instead of buying basics plus maybe something nice every once in a while. However, the American economy is currently held together by investments and tech moonshots. If we entered deflation, the only thing holding our paper-thin economy goes bust and everything comes down, which would have severe ramifications to everyone's income.
Basically, we can't let investments die or it all dies.
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u/Star_king12 6h ago
want or need
So you keep buying what you need, but skip getting what you want because the prices will go down next week, and business feel the crunch because the money isn't coming. How long can you go in your old shoes or with the old iphone vs how long can businesses burn money paying salaries, but w/o income?