Re:U.S. inflation reached a new four-decade high of 8.6% in May
by sfe22 on Friday June 10, 2022 @02:36PM
(#31697816)
Yeah, but not any economy, to be a nightmare requires a nightmarish economy.
Re:U.S. inflation reached a new four-decade high of 8.6% in May
by credit_guy on Friday June 10, 2022 @05:27PM
(#31699549)
Deflation is never a problem in a fiat money economy. You can print your way out of a deflation.
In the 19th century and in 1929 currencies were pegged to gold, so you could not just print money. All periods of economic crisis were deflationary, and the central banks did not have a lot of tools to fight that. That’s the origin of the idea that deflation is worse than inflation. This is just bogus nowadays.
Re:U.S. inflation reached a new four-decade high of 8.6% in May
by ramblenode on Friday June 10, 2022 @03:48PM
(#31698630)
To what extent is the risk due to a society built on debt?
Re:U.S. inflation reached a new four-decade high of 8.6% in May
by version_five on Friday June 10, 2022 @04:31PM
(#31699050)
It's completely due to that, but so is the fact that we can have nice things.
Deflation is more of a nightmare than a joke. It basically means the economy has significantly contracted and that wages are going to plummet across the board. This leads to a massive spike in debt defaults.