Quote:
Originally posted by bermuDa
deflation is what I want... I'm so sick of paying more and more for products. One would think that a more valuable dollar and lower prices would prompt consumers to buy more, since they could afford more. But nooo, we want to print as much fucking money as we can to keep prices from going down.
I forsee a future where we'll regale our grandchildren with tales of 99¢ hamburgers and $8 movie tickets.
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I kind of like the idea of deflation myself. But if you're carrying a lot of debt (like about half of everybody), deflation will hit you in the shorts. Because you'll be paying back your debt with dollars are worth more than the ones your borrowed. Say a dollar bought a hamburger when you took out your loan but, after deflation, that burger can be had for 75 cents. You borrowed dollars that could each buy a hamburger, but under deflation you're paying back the loan with dollars that can buy 1.33 hamburgers. Not a good deal for you.