this post was submitted on 11 Sep 2023
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In a sane world deflation would be seen as a good thing.
If wages stay stagnant, then yes.
If the average pay would rise faster than inflation it does not seem too bad. If the pay shrinks faster than deflation however it would be bad.
Well yes, deflation of prices relative to wages, of course. That was implied.
Inflation is different even when wages do keep up because it wipes out savings.