Slow deflation?
You mean, death spiraling deflation. Modern economix tools (namely interest rates and money policy) do T work in deflation, because you can’t lower interest rates below zero. While if expectations are for lower prices in the future, consumers, who in the US at 75% of growth, delay purchases on hopes of lower prices. Selling goods and services at lower prices means slowing or stopping production. Meaning layoffs / firing. So, wages for some consumers goes to zero, too. And repeat.
Some inflation, 2-4% is always preferred because things are growing, progress is happening and wages rise along with prices
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