Japan’s economy has been experiencing a deflation and there has even been 0% interest (sometimes in the negatives, why is this a bad thing?
In: Economics
Not a real world example, but when new world MMO had deflation (due to low supply of money), people started hoarding gold and resorted to bartering. Since items were still dropping, but gold wasn’t, it was worse to repair an item than to trade something for a new one.
Imagine how that made the blacksmith feel 😀
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