Re:Former President Trump is projected to win the presidency
by slaw on Wednesday November 06, 2024 @05:17PM
(#42070361)
I want prices to deflate and it is not terrible.
Re:Former President Trump is projected to win the presidency
by dboreham on Wednesday November 06, 2024 @07:15PM
(#42071664)
Deflation is known to be bad. Much worse than inflation.
Re:Former President Trump is projected to win the presidency
by slaw on Wednesday November 06, 2024 @08:36PM
(#42072322)
Vehicles become cheaper this this year and nothing wrong happened. If groceries and housing would become cheaper also nothing wrong would happen.
Re:Former President Trump is projected to win the presidency
by UncleOxidant on Wednesday November 06, 2024 @10:21PM
(#42073024)
Only if the deflation gets out of control. We could probably use some housing price deflation. But we'd only get it if we had a pretty serious economic downturn - that's the tradeoff.
Re:Former President Trump is projected to win the presidency
by nradov on Wednesday November 06, 2024 @08:33PM
(#42072300)
There are zero actual reasons to think that food price deflation would be terrible. You can look back through decades of consumer price history and find many cases where at least certain foodstuffs got cheaper. It wasn't a problem.
The US President has little power to lower food prices anyway though, so this discussion is kind of moot.
But what does a solution look like to you?
Do you want prices to deflate? That's terrible for many reasons.
Do you want regular responsible economic management? That was Harris. Inflation is back to normal now.
Or do you want a president who wants a huge tariff on everything that will result in crazy much larger inflation than we've had in decades? That's Trump.
How is Harris not listening? How is Trump listening better?