The Picard Maneuver to People [email protected] • 30 days agoExplaining the inflation ratelemmy.worldimagemessage-square86arrow-up11.15Karrow-down116
arrow-up11.14Karrow-down1imageExplaining the inflation ratelemmy.worldThe Picard Maneuver to People [email protected] • 30 days agomessage-square86
minus-square@[email protected]linkfedilink2•30 days agoPeople would stop purchasing non essentials, leading to degrowth which is exactly what we need!
minus-square@[email protected]linkfedilink1•30 days agoBut the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That’s why deflation is bad: it’s an uncontrolled brake on the economy.
People would stop purchasing non essentials, leading to degrowth which is exactly what we need!
But the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That’s why deflation is bad: it’s an uncontrolled brake on the economy.