Recently, I often hear brain-dead economists say: "deflation"! They describe "inflation" as a disease, but economists say "deflation" is "cancer"! Why do I think those who read more books are more brainless! They economists don't know how much to spend on their diploma? Being without knowledge and being worshiped will only drag down the civilization of the whole world and make the whole world be deceived by those ignorant economists! So far, I am very encouraging of deflation! I'm still thinking: what's so bad about "deflation"? Who is " deflation" bad for? "Deflation" is worst for bankers! "Deflation" is the worst thing for business giants! "Deflation" is not good for government officials! Who is "deflation" best for? "Deflation" is good for people all over the world! Is good for the people of the world?
"Deflation" means "reduction" as the name suggests! We work fewer hours, we earn less, but most importantly: Our prices fall too! This is very important! We need to understand that "deflation" is the most obvious way for the general public to reduce the price of the necessences of people's livelihood, but it is difficult to reduce the price of high-end luxury goods! When the income of each of us decreases, our consumption will inevitably decrease, and the general price must be reduced to make people affordable, and "deflation" will definitely make people reduce consumption! If you buy 2 loaves of bread for $10 during "inflationary times", you can buy 4-5 loaves of bread for $10 during "deflationary times"!
Many times we see "income", but often we ignore "expenditure", "expenditure" is more important than "income"! Let me give you a metaphor! For example, we used to earn $2000, but because of inflation, we often earn $2000 and still need to be in debt for $500 because not enough money to spend. When we face "deflation", our income may become $1000, but our expenses may become $950, so we have no debts and we still have $50 savings! "Deflation" is like a refrigerator. When the capacity of the refrigerator remains the same, but we reduce the storage of the refrigerator, the refrigerator can reduce electricity consumption! When we fill the refrigerator with food, we may have many choices, but we waste money, waste electricity, and eat a lot of unnecessary junk food or rotten a lot of food! Is "inflation" really the best economic model? Oourse not!
When we face "inflation", we must "borrow money", and "borrowing money" must find "banks", and "money" must rely on "banks", and "banks" must continue to "print money", because "inflation" prices rise, there must be "circulation of more legal currency", without " currency", there is no "money" consumption! "Deflation" is bound to move towards "price reduction"! If the whole world "reduces prices", should the "income" of all government officials be reduced? When we become more and more "satisfied", our life will become more and more "happy"! The "philosophy of subtraction" was originally intended to make our lives easier, but who will be finished with "deflation"? "No consumption" who is finished? Of course, banks and consortiums are about to be unable to survive! Who dares to raise prices in the "deflationary era"? Whoever "raises the price" will lose customers forever, especially in disposable industries... in the future will be replaced by AI robots!
