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This is just pathetic fearmongering, or whatever “the enemy is getting weaker” propaganda is called. Deflation, as liberals understand it, is literally a fake phenomenon. Even if PRC disn’t have controlled markets, price reductions causing the collapse of entire businesses on a large scale is a fiction. It doesn’t happen in free markets for obvious reasons, and it wouldn’t happen in controlled markets for even more obvious reasons.
This is just pathetic fearmongering, or whatever “the enemy is getting weaker” propaganda is called. Deflation, as liberals understand it, is literally a fake phenomenon. Even if PRC disn’t have controlled markets, price reductions causing the collapse of entire businesses on a large scale is a fiction. It doesn’t happen in free markets for obvious reasons, and it wouldn’t happen in controlled markets for even more obvious reasons.
Interesting, do you know any literature that talks more about this?