Re:The Covid-19 pandemic is forcing a rethink in macroeconomics
by AtlasBarfed on Friday July 24, 2020 @04:28PM
(#23944068)
The only time I hear about deflation is where asset values (like the housing crisis) mass drop. In that case a lot of people are losing a lot of money, so they stop buying as many things.
I never hear about produced goods deflation that is a price drop like from mass efficiency gain where the existing money/assets start being able to buy more things. That should produce more demand, wouldn't it?
I never hear about produced goods deflation that is a price drop like from mass efficiency gain where the existing money/assets start being able to buy more things. That should produce more demand, wouldn't it?