China is surely jealous of the high food prices we have here in the West...
this post was submitted on 08 Feb 2024
1 points (100.0% liked)
China
2030 readers
1 users here now
Discuss anything related to China.
Community Rules:
0: Taiwan, Xizang (Tibet), Xinjiang, and Hong Kong are all part of China.
1: Don't go off topic.
2: Be Comradely.
3: Don't spread misinformation or bigotry.
讨论中国的地方。
社区规则：
零、台湾、西藏、新疆、和香港都是中国的一部分。
一、不要跑题。
二、友善对待同志。
三、不要传播谣言或偏执思想。
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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"