this post was submitted on 25 Aug 2023
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GenZedong

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[–] [email protected] 5 points 1 year ago (1 children)

This is what I’m very confused about. I read before that deflation is a sign of a slowdown/recession in the economy but like also having your current worth more/prices going down sounds objectively good to me? Is there any good Devil’s advocate position that can put forth any negatives for deflation because China certainly doesn’t seem like a slowing economy to me.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

One devil advocates would be that debt increases in value. Since Americans are perpetually in debt, that would be bad.

[–] [email protected] 1 points 1 year ago

Ah, good point. Pretty interesting stuff, never thought about that before