this post was submitted on 21 Sep 2023
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The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

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[–] Rocket@lemmy.ca 0 points 1 year ago

Again, this problem only exists because capitalism requires rampant spending

No. There is nothing about private ownership of capital that requires rampant spending. Hell, us in Canada are especially good at allowing capital to sit idle.

It is our debt-based economy that requires rampant spending.