Row 76165

Row ID: 76165 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 76165 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Well no, deflation is bad for the economy because it punishes you for purchasing things. Anything you buy one day will invariably be cheaper in the future, so it's wise to hold off on all unnecessary spending.

This also means that deflation gets worse for you the poorer you are, since you cant hold off on purchases of food, rent, utilities, etc. Deflation rewards you for sitting on money, so the people who already have a lot of money grow wealthier, while the people with less money grow poorer.

A deflationary spiral is amongst the worst outcomes, but even just standard deflation is a bad thing for the economy.

FieldValue
text Well no, deflation is bad for the economy because it punishes you for purchasing things. Anything you buy one day will invariably be cheaper in the future, so it's wise to hold off on all unnecessary spending. This also means that deflation gets worse for you the poorer you are, since you cant hold off on purchases of food, rent, utilities, etc. Deflation rewards you for sitting on money, so the people who already have a lot of money grow wealthier, while the people with less money grow poo…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

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  "text": "Well no, deflation is bad for the economy because it punishes you for purchasing things.  Anything you buy one day will invariably be cheaper in the future, so it's wise to hold off on all unnecessary spending.  \n\nThis also means that deflation gets worse for you the poorer you are, since you cant hold off on purchases of food, rent, utilities, etc.  Deflation rewards you for sitting on money, so the people who already have a lot of money grow wealthier, while the people with less money grow poorer.\n\nA deflationary spiral is amongst the worst outcomes, but even just standard deflation is a bad thing for the economy.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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}
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