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Some economics say that deflation is evil because people won't spend their money on something that gets cheaper, I wonder how that would happen when most of money is spent on essentials like rent, fuel and food.
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Deflation is bad for the banks and for the richest 0.1% but good for the common man because your money can buy more stuff.Originally posted by BrilloPad View Post
I don't know if this was intended, but as a good Socialist he's doing the interest of his voters.<Insert idea here> will never be adopted because the politicians are in the pockets of the banks!Comment
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What with this and the problems in the emerging markets, yet another stock market collapse looks inevitable. Given the world economic outlook current prices can't be justified.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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It's bad for borrowers, which is a large chunk of the country's common men, because the real value of their debt increases (the opposite of what we were used to years ago when our mortgages were 'reduced' in real terms by inflation over time).Originally posted by petergriffin View Post
It also encourages savers to hoard their money, reducing economic activity, which causes more businesses to fail.
Deflation buggered Japan.Comment
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I just came here to see what French defalation was
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Is that where they burn a blow up sheep when they're too lazy to find a real one ?Originally posted by expat View PostI just came here to see what French defalation wasSocialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.Comment
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Originally posted by expat View PostI just came here to see what French defalation was
Its where the OP is a thick twunt who can't spell.
Mind you its sometimes funny to wind up posters like Churchill! When I met up with him 2 weeks ago I mispronounced a poster's name. I thought he was going to punch me! Luckily CM was there so I was not worried.....
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