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It’s still true that a deflationary economy would be a mess though. If we had deflation, the rich wouldn’t even bother investing and would literally just sit on a pile of gold like Smaug. I know trickle-down doesn’t work but an economy where nothing circulates would be hellish.
It’s still true that a deflationary economy would be a mess though. If we had deflation, the rich wouldn’t even bother investing and would literally just sit on a pile of gold like Smaug. I know trickle-down doesn’t work but an economy where nothing circulates would be hellish.