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.

Monetary inflation / value deflation not supply deflation

The problem is that for most people, that car will be 50% of their savings, and that's being generous. For rich people, that car, that food, will be funny money. Their vast wealth will only appreciate in value while the average person will stay basically the same. The rich will get even richer than they're getting now, just by being rich. A deflationary economy will create wealth inequality the likes of which has never been seen.

This.
Most people don't even have savings, even if they could put their money right now in a fund that guarantees a 5 or 10% return in a year, they just fucking spend it in the moment to buy bs useless things.
Just look at that retard in reddit who sold his coins to buy a fucking nintendo switch, instead of making more money. That's how most people act: emotionally. Specially in the market and related to money.

Fuck yourself fucking commie.
Who cares about fucking inequality when I can increase my wealth by using the same methods the rich people use?
Muh inequality is bad.
So would you prefer equality in poverty?
You're basically saying: Even if the majority of the population is better in material terms because of deflation, it's only bad because bad richie people have more than before. And.. and, inequality is bad!! we all know that!! right?

Fuck you communist scumbag
Just sell all your crypto if you actually believe what you said is bad

This
You cant print more land

You don't understand. It's natural for wealth to attract wealth, for rich people to get richer while poor people get poorer. This slowly creates economic instability and eventually collapse but there's not a lot you can do about it except slow down the process. A deflationary currency will speed this process up exponentially. Forget about a middle class, society will be split up between 99.99% dirt poor masses and 0.001% filthy rich oligarchs. How could you possibly defend this?

You're not gonna make it, buddy. Everyone on Veeky Forums is a fucking goner if a deflationary world currency is ever adopted.

the fed and the big banks have had their tentacles in the housing market since forever, and they keep houses going up in value. when actually, houses should be going down in value.

If houses got cheaper, than we could build bigger and better houses and live in nicer places... instead, the bankers collude to keep housing prices inflated, so that the common person can barely afford a shack.

Who said I want to see a deflationary world currency pal
Deflation sucks for many reasons but inequality is the shittiest communist argument you could have picked out of all of them

>middle ages
>great

why is nobody calling this faggot out?

This won't be your run-of-the-mill inequality, friend. You're accusing me of being a commie while rooting for an oligarchy

That-s not true, you-re literally spreading false information. Poor people have been getting out of poverty thanks to capitalism There-s no "hur dur rich get richer poor poorer". That's fucking false, just look at every graph about income in the last 100 years. Hell, you can even walk outside your house and see it.

Then why do monopoly games always end in a single winner?

check mate

Not to bitch at the other guy but often the poor's wealth goes up 1000% in a hundred years, their spending goes up 1000% so they're buying HDTVs rather than third-hand shoes, then when their wealth falls 10% in 5 years and they scream that capitalism is making the rich richer and the poor poorer and don't want to let go of their TVs. For the kid born 5 years ago though it feels like Capitalism's been making him poorer all his life.

It's exactly like the FUDders on Veeky Forums who start screaming shitcoin when a coin falls 25% that day even though it went up 1000% that month.

>It's exactly like the FUDders on Veeky Forums who start screaming shitcoin when a coin falls 25% that day even though it went up 1000% that month.
Perfect example.

There's no single winner in business. It's a never-ending game. There's those who survive and those who drop out, due to bankruptcy or insufficient resources. There is no agreed upon rules. Go YouTube Simon sinek's talk about "the infinite game"

Just to be a pedantic shit, the economy is most efficient when people are spending as much as they can spend, within reason. Obviously it isn't efficient to have people die because they can't afford healthcare, you've lost that person's labor in the economy, or maybe they don't save enough to regularly maintain their car and it breaks down. But that frivolous shit is what the economy is for. Backbone stuff has shrank incredibly to the background. Most workers used to be in agriculture, now I think farm workers are at less than 1%. Some portion of the people that would be breaking their backs in a field sharecropping are making videogames instead.

Financial instruments are a catch-22 for actual growth, because if every average person in the population was putting significant amounts of income into the markets, they'd have less to spend. If big companies actually take that money and use it for growth, they could ironically face trouble in the fact that there is a decline in aggregate demand commensurate with the amount of money workers are putting into markets to invest and grow. But the real uses of the money in the market could be more complicated. Ultimately companies can get credit extended to them (made up money by private banks) based on their growth, which is tied to profits or a convincing pitch that they're looking at a new market opportunity. That means that if people spend a bunch of money instead of saving, they can also cause the companies to then get credit, which they use to pay more workers and expand, which the workers use to buy more shit etc. causing us as a whole to be richer than if everybody tried to save. But again, the only limiting factor is the maintenance of those expenditures which require long term planning, retirement/health and stuff like that.