If people think the price are going down they will wait more before buying anything not essential and a lot of our economy is not essential. Deflation is not only going to touch what you buy, it’s also going to touch what you or your company sells, reducing revenues.
That would mean I need to work fewer hours, to buy the same things?
If so, how is that bad?
Usually when a company has less work over a prolonged period, it’s not just going to reduce worked hours, it’s going to reduce the number of workers.
If peoples money is stretching further from deflation wouldn’t they be able to pay for more services giving more businesses more work?
If people think the price are going down they will wait more before buying anything not essential and a lot of our economy is not essential. Deflation is not only going to touch what you buy, it’s also going to touch what you or your company sells, reducing revenues.