If inflation is "bad" is deflation "good"?

@Elessar you are referring to inventory liquidation and discounting. Deflation would be lowered prices bc currency is worth more.

@jehova Hmm no

https://www.investopedia.com/articles/investing/051315/what-deflation-and-how-do-central-banks-fight-it.asp

@Elessar seems im envisioning disinflation thanks.

@LeopoldBloom the key phrase in there is "big ticket". Over time those tickets have gotten bigger and bigger. A house at one time was much smaller with fewer amenities than what we take for granted now. My grandparents (dad's side)first home in Boy River was made with logs provided by the railroad because the trees there were too big. Problem was that the logs they provided were so misshapen that the weasle got in and stole the sidepork out of the frying pan. My mom's folks took a covered wagon with everything they had from Leonard minnesota to an existing two story frame house south of Gonvick. It was heated with a wiid burning cast iron cook stove. Water came from a well with a windmill. The pit at the well also served as their refrigerator. The toilets were all out houses. Out in north dakota my sister-in-laws grand parents built and lived in a sod house. Light for all of those folks was via keroscene lamps. My parents house was built in 1954. It has a basement. 24 x 32 feet single story. The house i have now is the same size but we added onto the house up north. Indoor plumbing was taken for granted by then as was electricity. Gas central heating with a blower was added up north when i got it back. My place was $75k when I bought it in '87. In 2008 prices had fallen so much that I got the farmsread back from a reverse mortgage company for $7000.00. It also included the two barns and the garage. I added a deck a few years later. I've known people to buy used trailer homes to live in until they could build or afford something bigger. Cars too can be used or, as was the case with my grand father, he walked to Bena from Boy River to get the mail until the railroad was completed. That was ten miles.

@jehova in a lot of countries education is not free. My friend in the philippines has a sister in school where the tuition is $50 a month. The wages there are around $2 an hour. I paid off the kids education this year so they can use that $50 for other things.

@jehova I agree that it's a bad idea to buy small ticket items on credit. There may be a few exceptions like buying a phone which most people need to get by in modern society.

I also agree that many things the military purchases aren't necessary, however, there's a lot of resistance on both sides to making reductions like not buying expensive equipment that will never be used. The US economy is so dependent on military contracting, that reductions would have to be very carefully redirected into infrastructure spending to avoid a recession.

One problem is the US is preparing for the next war as a repeat of the last one. Much of our military is focused on stopping a Soviet invasion of Europe through the Fulda Gap. This is why we haven't done well with the kind of asymmetrical warfare we're seeing in the modern era. Less emphasis on expensive equipment, and more on intelligence would be an improvement.

@LeopoldBloom businesses are simply hiring fewer ppl given that consumers buy less bc goods cost more. There is no simple solution; but has there ever been deflation? The claim it would have a given effect. Is purely speculation, i know of no real world data. Do you?

@jehova Businesses are hiring fewer people because they can get by with fewer, also, unemployment is at a historic low and there just aren't enough workers available.

The last major deflationary period was in the early 1930s during the Great Depression.

@LeopoldBloom or...the debt would not be repaid.