Wouldn’t it be good for the currency if we slowly steadily moved into deflation and at the same time lower the wages. Then the consumers wouldn’t have too much power, right? Or would it be a global perspective problem?
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Aside from all the explanations of why deflation is undesirable why would we WANT to lower wages? The only people who benefit from lower wages are the elites and frankly they have enough power (and money) already. Increasing wages would be beneficial to the most people, that should be the goal.
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