Yes, I agree that far worse things are coming. My point was that deflation on it's own is not a bad thing. Before the Federal Reserve was established the U.S. dollar was worth more than when it was created. Deflationary pressure during the great depression allowed the meager savings of families to go farther. But we won't see that this time around.
Inflation primarily benefits debtors, financiers, and governments. Deflation benefits wage earners and savers.
deflation is where prices start dropping as companies try to get a bigger market share of a shrinking pie. It is a bad bad thing overall.
Oh no, the bankers aren't debasing my currency fast enough!
actually it is really a bad sign. its a sign that the economy is about to implode and will be followed by high unemployment and hyper inflation.
Yes, I agree that far worse things are coming. My point was that deflation on it's own is not a bad thing. Before the Federal Reserve was established the U.S. dollar was worth more than when it was created. Deflationary pressure during the great depression allowed the meager savings of families to go farther. But we won't see that this time around.
Inflation primarily benefits debtors, financiers, and governments. Deflation benefits wage earners and savers.
yup but it can be a sign of a major crash incoming.