Deflation means that average folks will actually be able to afford cars and homes.
We can’t have that!
;-)
“Deflation means that average folks will actually be able to afford cars and homes.”
I can remember when I was a kid and saw a list of retail prices from the depression. I said to my father, who lived through the Great Depression, “How could it have been so bad, when things were so cheap?”
His answer has stuck with me for many years, “When you have no money at all, it doesn’t matter how low the prices are.” That’s what a real Depression is. Deflation is one thing, Depression is another. And as dearly beloved President Obama said about dearly beloved President Joe, never underestimate his ability to f__ things up.