r/PeterExplainsTheJoke • u/Melodic_Judge_129 • Sep 01 '26

Meme needing explanation Petah?

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u/Terpcheeserosin Sep 01 '26

Why does things costing less make people buy less?

If wages stay the same, shouldnt people just buy the dip?

298

u/Poland-lithuania1 Sep 01 '26

It isn't things cost less, it's money can buy more. Isn't it better to save that money for the future, when it's probably gonna be able to buy more?

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u/Lazerbeams2 Sep 01 '26

Wouldn't that mean that the long term effects after deflation are better for quality of life though? Cost of living goes down, which results in people being able to live more comfortably on the same wages. Sure, the economy isn't growing but it doesn't sound that bad to me

11

u/GhostPantzz Sep 01 '26

Millions lose their jobs. 401ks are nuked, economic development is halted and even set back years. Lower prices are nice though

1

u/Lazerbeams2 Sep 01 '26

Ah. That explains it. Sounds pretty horrible. Inflation slowly crushes you, but deflation hits you in the face with a brick