• w2qw@aussie.zone
    link
    fedilink
    arrow-up
    3
    ·
    edit-2
    1 year ago

    I don’t even think you need to go to that. The vast majority of spending is discretionary. Is Jeff Bezos new yacht an essential? Deflation is particular bad for workers because it means less investment and lower salaries for those with a mortgage that’s even worse. The people that benefit are those with huge stockpiles of cash.

    This only really applies if it isn’t just temporary though. It’s also pretty for central banks to fix.

    • eskimofry@lemmy.ml
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      So this economy was design to feed dragons, and then depend on those dragons spending money for the majority of people to even survive.

      • w2qw@aussie.zone
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        They don’t need to spend money but you want them to have to invest money and not just profit by keeping their money in cash.

    • iegod@lemm.ee
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Huge stockpiles of cash seems a rather useful thing in all situations, to be fair.

      • w2qw@aussie.zone
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        Individually sure but as a society we want investment into productivity stuff rather than just increasing bank accounts.