Can inflation actually be fixed? Is there any hope? Or will prices just gradually keep increasing?
In: 45
The capital class who owns this modern economy want this type of economy to continue. And *deflation* risks destroying it — if prices gradually decreased year over year, the theory is people would hold onto their money longer, waiting for a better deal. Meaning reduced demand, meaning lower prices, around and around until this type of economy failed.
Many disagree this would be a bad thing.
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