Concur with The-Shoveler. The entire western financial system is based on long term debt. If the entire world went deflationary, that system would collapse.
If money in the future was worth more, why would any bank or individual lend money? Hence the deflationary spiral and why the Fed and other central banks will do anything to stop deflation.
Yeah, it might make goods cheaper in the short term, but do you really want to risk a collapse and a severe economic depression?
2008-9 was the closest we got in recent times to the banking system collapsing. A real collapse would put everyone in a much worse situation, especially those on this board…
What’s the point of owning rental property if renters can’t afford to pay. And you wouldn’t be able to evict them lest you get lynched by a mob…
