Post #2974501
2026-05-12 16:21 UTC
Replies (4)
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@Semi_Hemi_Demigod@lemmy.world 2026-05-12 16:36
Exactly. Nobody is gonna say “I won’t buy food today because it will be cheaper tomorrow.” A man’s gotta eat.
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@ultranaut@lemmy.world 2026-05-12 17:26
There is a balance though or else the system feedback breaks the economy. Too much deflation and the "progress" stops because it starts making more and more sense for people to hold off on spending their money as much as they can. As an extreme example, if you know you can buy twice as much of something for the same dollar tomorrow, you must really need that thing right now to justify not waiting for a day. Scale that behavior across the entire population and it can start producing real problems.
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@DisasterTransport@startrek.website 2026-05-13 03:32
Money being worth more than it was 2 years ago also means any debt you carry is suddenly worth more than it was when you borrowed it...
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@mattyroses@lemmy.today 2026-05-14 23:40
no - money is the means by which value is traded. A given amount of time and labor producing more and being able to get you more is progress. Deflation brings a host of problems - but among them are it encourages hoarding (not saving), and the fact that it makes previous debts more and more costly over time.