Originally posted by dxmnkd316
View Post
Deflation begets many bad things, and absolutely starts a spiral towards economic depression.
Everybody stops buying all but the barest of necessities, waiting for that better deal on their favorite widget. Then the mass layoffs start, then prices depress even more as people can’t spend the money they’re not earning, and then more layoffs, and the cycle continues.
A few hundred, or even a few thousand items going through a price correction is a good thing. For deflation to happen, it’s dang near everything dropping like our collective spirit around here, or trixie’s credibility.
Comment