The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

  • Rocket@lemmy.ca
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    1 year ago

    Again, this problem only exists because capitalism requires rampant spending

    No. There is nothing about private ownership of capital that requires rampant spending. Hell, us in Canada are especially good at allowing capital to sit idle.

    It is our debt-based economy that requires rampant spending.