• You’re being downvoted but the amount of people I see in my work and personal life that barely make ends meet but are buying garbage on Amazon constantly is staggering. Prime days especially I was shaking my head at people bragging about the deals they got.

        •  w2qw   ( @w2qw@aussie.zone ) 
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          1 year ago

          I don’t even think you need to go to that. The vast majority of spending is discretionary. Is Jeff Bezos new yacht an essential? Deflation is particular bad for workers because it means less investment and lower salaries for those with a mortgage that’s even worse. The people that benefit are those with huge stockpiles of cash.

          This only really applies if it isn’t just temporary though. It’s also pretty for central banks to fix.