• HobbitFoot @thelemmy.club
      ·
      9 months ago

      Wishing for deflation in a vacuum means reducing demand, which typically a sign of depression in the economy.

      If you want to decrease prices without collapsing the economy, you are going to need significant government intervention. Fortune doesn't want to tout that as an option since their readers would likely be affected by higher taxes due to this.

    • ShimmeringKoi [comrade/them]
      ·
      9 months ago

      "Economists" are to capitalism what the priest class was to the feathered serpent: professional assuagers whose job is to rationalize and justify human sacrifice.