I don’t give a shit if prices go down, I give a shit if I can afford food and a roof over my head… prices can go down, or wages can go up, whatever works.
Ah, but you see this excessive demand for things like “food” and “shelter” is why those things are unaffordable. I am very educated.
thinking of economists as cult priests for the god of capital helps to understand their pronouncements
If you reverse what fortune.com has to say on economic policies you’re more likely to arrive at the truth
I’d point to the Great Depression too. They were destroying food because no one could afford to buy it instead of giving it out so prices could be controlled. A bunch of scumbags who should’ve jumped out their windows after the stocks plummeted but unfortunately it didn’t happen.
"Although lower prices may seem like a good thing,’’ Banco de España, the Spanish central bank, says on its website, “deflation can in fact be highly damaging to the economy.’’
How so? Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later?
In Freedom USA, you are discouraged from saving money and constantly be in debt or else your
SocialFICO Credit Score prevents you from buying a home or carthere is no need for prices to go down, but for real wages to go up much faster than it has been.
that said there are couple of things that deserves a price collapse, regardless of the economic ‘cost’ , that is housing, healthcare and education.
death to economists
