People Twitter

5213 readers

2187 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a tweet or similar
No bullying or international politcs
Be excellent to each other.

founded 1 year ago

MODERATORS

SendMeYourTaTas@sh.itjust.works

pelespirit@sh.itjust.works

1136

Explaining the inflation rate (lemmy.world)

submitted 2 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

85 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Kecessa@sh.itjust.works 2 points 2 months ago (1 children)

People would stop purchasing non essentials, leading to degrowth which is exactly what we need!

[–] KevonLooney@lemm.ee 1 points 2 months ago

But the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That's why deflation is bad: it's an uncontrolled brake on the economy.