schizoidman@lemm.ee to World News@lemmy.worldEnglish · 1 year agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square125fedilinkarrow-up1218arrow-down17file-textcross-posted to: [email protected]
arrow-up1211arrow-down1external-linkChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comschizoidman@lemm.ee to World News@lemmy.worldEnglish · 1 year agomessage-square125fedilinkfile-textcross-posted to: [email protected]
minus-squarehark@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year agoTechnology is inherently deflationary in that superior versions come out for the same or even less money all the time yet people still regularly buy TVs, phones, laptops, etc.
minus-squareFourPacketsOfPeanuts@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoTrue, they’re poor examples. But discretionary spending, on the whole, is not on depreciating items.
Technology is inherently deflationary in that superior versions come out for the same or even less money all the time yet people still regularly buy TVs, phones, laptops, etc.
True, they’re poor examples. But discretionary spending, on the whole, is not on depreciating items.