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Explaining the inflation rate (lemmy.world)

submitted 4 weeks ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] KevonLooney@lemm.ee 1 points 4 weeks ago

But the shrinking economy would happen in an uncontrolled cycle. It would be too sudden. Even your job at the plant nursery would be cut. That's why deflation is bad: it's an uncontrolled brake on the economy.

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