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@rayckeith I wondered about that headline.
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@rayckeith Best guess as to best possible argument: Deflation very often kills economies.
Which is why we shouldn't want lower prices, but higher wages. Neither median nor minimum wage has kept up with worker productivity. (And, minimum wage hasn't tracked inflation.)
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@rayckeith oh oh oh I know this one, the downside in lower consumer prices is smaller yachts for j bozozs.
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Muuuuch bigger downside. For example think of all the economists who could be unemployed.
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Related: billionaires and the economists who lick their boots say there is a big downside to falling guillotines.
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@rayckeith
so economutts say a few billionaires wont get as rich if prices fall but hundreds of millions of regula folk will benefit? -
R relay@relay.infosec.exchange shared this topic
