The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

  • hoot@lemmy.caEnglish
    91·
    1 year ago

    Was this article written by an insane person?

    the current Goldilocks state of the North American economy

    What?!

    Much of this conflicts with the view, widely expressed in some form by commentators and political leaders of all stripes, that Canadians will benefit if the prices of things like groceries and houses would only go back to the levels they were at in the good old days, say, before the pandemic, so that people could afford them.

    …

    so that people could afford them.

    🤯🤯🤯

    No shit?

    • Kecessa@sh.itjust.works
      1·
      1 year ago

      The thing is we all wish that prices would come back down, but prices might be lower, you still can’t afford what you want to buy if you lose your job or your salary goes down.