Comment on Why Kamala Harris Will Not Bring Prices Down. Her Plan Needs Inflation | dlacalle.com
ChonkyOwlbear@lemmy.world 2 months ago
Bringing prices down means deflation and that is terrible for the economy. It means the real value of debt increases which does incentives investment. It also risks a deflationary spiral which is a situation where decreases in the price level lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in the price level.