China is surely jealous of the high food prices we have here in the West...
this post was submitted on 08 Feb 2024
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The truth is that deflation represents a redistribution of wealth towards working class people, because wages generally remain steady thus increasing everyone's relative purchasing power while harming investment portfolios. That's why they have to spread the fiction that deflation is a bad economic indicator meanwhile inflation is just business as usual.
It's very much ingrained to the "theory" as well. Any econ class will talk about deflation causing a cycle of doom and gloom, and any mention will be accompanied by something along the lines of "inflation maybe bad, deflation way worse"