schizoidman@lemm.ee to World News@lemmy.worldEnglish · 12 days agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square114fedilinkarrow-up1199arrow-down17file-textcross-posted to: [email protected]
arrow-up1192arrow-down1external-linkChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comschizoidman@lemm.ee to World News@lemmy.worldEnglish · 12 days agomessage-square114fedilinkfile-textcross-posted to: [email protected]
minus-squarecircuitfarmer@lemmy.sdf.orglinkfedilinkEnglisharrow-up51arrow-down6·11 days agoI’m glad this got press. Such slowdowns tend to be good for the average person. They’re bad for speculators, investors, shareholders – mostly rich people who are too moneyblind to see that endless growth is untenable. To those people, I say: fuck you.
minus-squareCorkyskog@sh.itjust.workslinkfedilinkEnglisharrow-up16·10 days agoYour thinking of disinflation, not deflation… Ask the average person how great the Great Depression really was to live through.
I’m glad this got press.
Such slowdowns tend to be good for the average person.
They’re bad for speculators, investors, shareholders – mostly rich people who are too moneyblind to see that endless growth is untenable. To those people, I say: fuck you.
Your thinking of disinflation, not deflation…
Ask the average person how great the Great Depression really was to live through.