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Deflation (europe.pub)
submitted 3 weeks ago by to c/memes@lemmy.world
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[–] -2 points 3 weeks ago (1 child)

Unless you live in the US, because the reason that your money would deflate is that you would have a lot less of it.

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  • [–] 9 points 3 weeks ago* (last edited 3 weeks ago)

    The longer the bubble continues to grow and the bigger it is when it pops, the worse the crash/deflation will be, which is why I say I hope it comes "soon".

    I guess that and so that I can stop having LLMs forced on me.

    Oh, and "deflation means you have less money" is a bit overly simplistic. If you're living hand-to-mouth and don't have a lot of debt, deflation can actually be a net good thing because a paycheck in the future can buy more than a paycheck of the same size today.

    I'm in the U.S. if you're curious.

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