There actually was deflation last month. Only -0.1%, but it still counts.
Comment on Inflation is cooling, yet many Americans say they're living paycheck to paycheck
nbailey@lemmy.ca 2 months ago
Well, yeah. The rate of increases is slowing, but prices are still high. There isn’t, and won’t be, deflation, that’s a catastrophically bad long term economic effect (at least, according to economists)
Cornelius_Wangenheim@lemmy.world 2 months ago
Cagi@lemmy.ca 2 months ago
Only within capitalism, where the myth of eternal growth is a central pillar.
reallykindasorta@slrpnk.net 2 months ago
Yeah, and for stability under capitalism it is indeed a necessity rather than a myth. We really need to wean ourselves from this market mediation (even if it’s too late to save ourselves there’s honor in the attempt).