JWBananas

It’s not just consumer spending that influences inflation,/deflation but also institutional spending. The consumer price index is a lagging indicator. Decreases in institutional spending precede unemployment and the eventual reduced demand for consumer goods and services. And increases in the fed rate (and/or other forces which cause the cost of borrowing money for institutions/investors to rise) generally precede that.

My book is due back at the library, and I have to rewind it.

Yes, every time you move the goalposts, you change the scope.

But sure, I’ll bite, again.

What does infinite growth have to do with deflation? You don’t have to have one or the other. You can also just have stagnation, which is arguably more sustainable than the unemployment caused by deflation.

If they still have a paycheck, sure. But historically, deflation leads to unemployment.

But, perhaps, we need to guarantee everyone the right to the basic requirements of life? Then we don’t have to make sure billionaires get more billions, just so they can try to survive the hellscape we have created?

Sure. But that is outside of the scope of your original take and in no way validates it.

Deflationationary phases are very helpful for the working class, as their dollar now buys MORE things. Like food. And housing. And health care.

What kind of braindead take is that? The working class? The same working class that majorly lives paycheck to paycheck and can’t even afford an unexpected $500 expense?

What dollars do you think they are going to have in a deflationary economy after they get laid off?

Gumbo

Alternatively, people like to meme on the Internet.

Enshittification