The Picard Maneuver to People [email protected] • 4 months agoExplaining the inflation rateimagemessage-square86arrow-up11.16Karrow-down115
arrow-up11.14Karrow-down1imageExplaining the inflation rateThe Picard Maneuver to People [email protected] • 4 months agomessage-square86
minus-square@[email protected]linkfedilink2•4 months agoPeople would stop purchasing non essentials, leading to degrowth which is exactly what we need!
minus-square@[email protected]linkfedilink1•4 months agoBut the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That’s why deflation is bad: it’s an uncontrolled brake on the economy.
People would stop purchasing non essentials, leading to degrowth which is exactly what we need!
But the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That’s why deflation is bad: it’s an uncontrolled brake on the economy.