Is deflation truly bad?

Is deflation truly bad?

Or is it just shilled by megabanks, governments and economists the way central banks are because they're the ones who need inflation?

People will tell you it's bad but it's actually not

They claim a deflationary spiral will kill the economy, but that assumes everyone slows or stops spending money, which is absurd and baseless.

People have essentials they need, and they desire things. If you need a car to get to work, you'll buy a car. It doesn't matter that the money you spend will be worth more in a year, you need a fucking car for work.

Some people want a luxury car for various reasons. So they would still buy one. Only retards are scared of deflation, aka, increasing their wealth.

until a true deflatianory currency is implemented in a larger ecosystem it's impossible to say, I think that at some point the deflation will get to a really low % at which point the desire to spend it on things will be bigger than desire to hold it and get a passive income and thus it will be alright

>People have essentials they need, and they desire things.

So people will still buy the bare need of essentials and stop buying luxuries. Tell me how this is not going to slow down the economy, Einstein?

And welcome to second-round effects - a slowing economy means less employment means less buying power. Wash, rinse, repeat.

That's one of the reasons the middle ages were so great - no inflation, no central banks, no money management.

Have you ever met women? They won't stop spending

Do you think wealthy and celebrities will stop living that lifestyle?

What about niggers? The second they can afford the minimum down payment on a sports car they run to the dealer so they can pick up women

Shut up, idiot. You have no basis for your claim and you're a dirty jew

Isn't deflation bad for entrepreneurs though? People trying to run small businesses that come up with and sell niche useful items will find most consumers are only buying the essentials. This would concentrate spending into industries of essential resources and the people who own them - oil, etc. The things that tend to be highly monopolised by elites.

That'd mean less opportunity for ordinary people to generate income for themselves.

speaking in the dumbest way possible:
when btc gets too expensive people will adopt ripple

Dude, stop

>people would stop buying nice luxury houses, cars, vacations, fine dining, etc

There's zero proof for this. Shut up. Shut up. Shut up. Post proof or fuck off

Relax, I was playing devils advocate and I was pretty polite too.

It's not bad. It's actually great for the economy.

What it's not great for is your fiat savings.

So just invest or speculate.