Every morning i get to make this face as I read the “Associated Press” to see what drivel the upstream “news” source for the mayo empire has deemed fit to feed down to the masses, usually resulting in me making a face like this:
a few days ago we got this real gem
Who wouldn’t like prices to start falling? Careful what you wish for, economists say
hmm well that sounds foreboding! what could possibly be bad about falling prices?
Wouldn’t it be great if prices actually fell — what economists call deflation? Who wouldn’t want to fire up a time machine and return to the days before the economy rocketed out of the pandemic recession and sent prices soaring?
yes! i think it would be good! i would like to be able to afford food that isn’t spaghetti!
Many economists caution, though, that consumers should be careful what they wish for.
why?!?
Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later?
um… oki. so like, i can still spend less money? oki?!?
businesses would face intense pressure to cut prices even more
oh the humanity!!!
It’s certainly true that Americans can make their paychecks go further when prices are falling. If food or gasoline prices were to tumble, households would surely find it less painful to afford groceries or their commutes to work
oh my goodness imagine if those selfish people could afford groceries and commuting to work!
who will think of the businesses?!?! omg
anyways, i’ve spit all my coffee out. I love me some lib economic takes in the morning. so silly, so fun, we’re so doomed. what a broken ass system
rant over y’all thank you :3
That is insane 😂
What?? I thought competition driving prices down was the main argument for capitalism!
Its so obvious these gentlemen are financed by monopolistas lol
Completely out of touch with how the majority of Americans spend their money. Most of us don’t even have savings! Why would I bother with savings when the $1000 Dave Ramsey suggests is actually $300 in real money? Imma buy the damn PS5
That is literally what the point of inflation is. To make it less appealing for people to save in order to fuel the short-sighted consumption economy.