Why is deflation bad for anyone apart from banks? I can't seem to get it.
>>62416298It leads to people saving money and spending less, which is actually a good thing but since our fake and gay economy is based on consuming bullshit made in China it will lower GDP and reduce profits for globohomo
There's no incentive to spend money or invest since your money gets more valuable just by holding onto it. Stuffing cash into a mattress becomes a safe investment. As a result, the economy collapses and deflation accelerates.>but that's good, I want it all to burnYeah we know.
Short term pain is almost always necessary for long term gain, but historically the peasants have been unwilling to undergo the short term pain. They'd rather just wait for the pot to boil over and end up with long term pain instead. Grim
>>62416298Deflation is bad if you don’t have lots of cash savings and have high debt (ie most of the human population)