• atzanteol@sh.itjust.works
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    24 hours ago

    You really don’t want deflation. The correct thing now is for wages to go up to match the new costs and this has been happening.

    • Maggoty@lemmy.world
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      43 minutes ago

      That’s not really true though. The only way to maintain infinite inflation is with infinite growth. But we only have finite resources. We also have modern examples of countries that experience deflation and they aren’t the horror shows that the finance industry wants about. For example, Japan.