Inflation falls to 2.4%, lowest in three years
Liz @ Liz @midwest.social Posts 5Comments 1,119Joined 2 yr. ago

Liz @ Liz @midwest.social
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Probably because most people are too lazy to explain that deflation is a bad thing and incredibly hard to get unstuck. The "ideal" scenario is one where inflation stays low and wages outpace it. A small amount of inflation is a way to stop billionaires from sitting on piles of cash. At least with inflation they're incentivized to spend it on investments, some of which are good for the economy.