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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Deflation is a worse outcome to the point where inflation might be artificially raised ot ensure it doesnt happen.
Deflation would mean that people would be encouraged ot sit on their money and have it do nothing inhopes it raises in value and just refrain from spending.
this is REALLY BAD long term because it will cause the economy ot stall while also making any debt that is active worse for the debtors. if left unresolved this lead to a recession and eventually a major depression.
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