Ironic that it’s coming from Bezos.
Oh thank God for teaching me, now I really don’t want lower prices. Phew, and it was so close to everything getting cheap again. Luck be praised!
From the newspaper owned by Jeff Bezos.
Bezos can GO F HIMSELF!
Democracy Dies in Darkness. Bezos made Darkness.
Deflation would be bad, for a lot of reasons, not the least of which is that debt defaults, both public and private, would skyrocket. So, no, we don’t want lower prices, as that would certainly mean a significant recession, if not depression.
What people, desperately, desperately need is for their income to AT LEAST keep up with inflation. Any household that doesn’t see their yearly income increase at least as much as the rate of inflation, are getting a pay cut. And when you consider that housing, a ubiquitous, universal human need, has increased in price much faster than the overall rate of inflation, really people probably need their income to increase much more than the base inflation rate.
If wages stay high but the price of goods fall, companies won’t make enough profit to pay their employees.
*FTFY:
Companies won’t make enough profit to keep the investors happy and giving their CEOs billionaire compensation packages.
