[RockyMtnMan]

Prices will go up anyway as people begin to lose their jobs. Companies will have to get more dollar per widget to make up for the lack of demand. Taxes will also have to be raised to support new welfare programs and tax short-falls from high income earners becoming low income earners, further increasing prices. As long as foreign countries apply tariffs to our exports prices will go up.

That's if we just keep on "Free Trading".

[daviddennis]

No. If people lose their jobs en masse, prices for all products will sink substantially.

When there is lower demand (since everyone has lost their job and can't afford anything), and equal supply, prices go down. Eventually, they reach an equilibrium at a lower level.

Eventually, wages will have to go down to match prices companies can get for products, and when that happens companies will be able to afford to hire more people, etc.

D