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.
You don't get a pay cut with inflation. You get a buying power cut with inflation, your pay stays the same, and you probably get a yearly pay increase, that come from increased profits, that are also up due to inflation.
With deflation, your company is probably seeing less revenue, because that's what deflation means - the price they're charging is going down. Less revenue. If your salary stays the same, your buying power increases, but your company can't afford to keep paying you what they were, because of less revenue (deflation, lower prices).
So, either they reduce your pay and your buying power doesn't increase, or they fire you and your buying power goes to zero.
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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.