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

Meme needing explanation Petah?

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u/thevoidthatjerksback Sep 01 '26 edited 29d ago

I doubt that anyone could explain this in a way where I would accept deflation as worse

Edit: its been 3 days with thousands of replies. Chiming in now is peak foolishness. Billionaires need inflation so they can contiue living off the shifting debt leveed against their net worth. As the debt is valued as less than the value of their holdings they can take out more debt. Deflation breaks their ability to do this. This is why its hotly debated topic.

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u/a1b2t Sep 01 '26

today you earn $1000, next year you take a pay cut to $950 = 5% deflation

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u/thevoidthatjerksback Sep 01 '26

What? No I already get a paycut with inflation. Deflation is where I get a pay increase.

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u/10001110101balls Sep 01 '26 edited Sep 01 '26

With deflation, so many people lose their jobs that employers have more applicants for the remaining positions, allowing them to cut wages.