/biz/ - Business & Finance

>>12429918
>Workers, low income and middle class " people are not benefited in any way by deflation
In fact, it's these very people who benefit most from deflation, bearing in mind that we expect increased spending power.

Suppose you see inflation, which is the same as saying you see reduced spending power.
When a rich person is faced with reduced spending power, he simply reduces his discretionary spending.
But a poor person, when faced with reduced spending power, often has no discretionary spending to reduce in the first place and must further reduce his standard of living.

>https://news.ycombinator.com/item?id=18638299
Lots of west coast stem/normalfags are beginning to talk about the upcoming recession.