Slight deflation in the USA?
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Imagine that rather than inflation, some year soon in the USA reports a small amount of deflation, this is the same as a negative amount of inflation. It looks like this situation is here to stay, it's the new norm.
Each dollar pays for more, but wages are reduced, purchasing power is the same, your wage pays for the same amount of goods.
Compared to before, and going into the future, for the average (not wealthy) person, things are …
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All the reasons why this would be terrible for an economy are discussed in any intro econ course.
@MaxA I was curious to see if the Manifold Markets answer was the same as the usual canonical economics one, influencing future questions. Thanks though :)
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