schizoidman@lemm.ee to World News@lemmy.worldEnglish · 6 days agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square128fedilinkarrow-up1217arrow-down17file-textcross-posted to: worldnews@lemmy.ml
arrow-up1210arrow-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 · 6 days agomessage-square128fedilinkfile-textcross-posted to: worldnews@lemmy.ml
minus-squarehark@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·4 days 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-up2·4 days 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.