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Explaining the inflation rate (lemmy.world)
submitted 11 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] KevonLooney@lemm.ee 3 points 11 months ago

But the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That's why deflation is bad: it's an uncontrolled brake on the economy.

this post was submitted on 20 Aug 2024
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