this post was submitted on 19 Aug 2024
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Macroeconomics 101 would tell you no, prices won't go down because prices are sticky. Like your salary for example, just because a business is doing poorly your wage won't go down.
I won't get into the weeds about it, but if Ukraine was magically restored tomorrow, prices wouldn't go down but it would help prices from going up faster.
If we see prices go down that's a bad thing, and we are in for a rough time.