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A comment on US Business Booms and Depressions Since 1775 (1943). Parent comment

Re:US Business Booms and Depressions Since 1775 (1943) by throw0101d on Tuesday May 21, 2024 @03:29PM (#40432750)
> So long as it is not extreme, a decline in the price of goods means consumers have greater purchasing power, more financial security and

Deflation means that people's debt becomes more of a burden. I'd hazard to guess that poor people have more debt that rich, and so deflation would be worse for the poor.

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Re:US Business Booms and Depressions Since 1775 (1943) by lurking15 on Tuesday May 21, 2024 @04:05PM (#40433191)
but debt actually having a bite cuts both ways and bad businesses should be on the hook for their debts, and middle class people who carefully save over their entire life deserve to not have their savings inflated away or otherwise forced to invest in businesses to preserve or grow the purchasing power of savings
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