The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

  • hoot@lemmy.ca
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    11 months ago

    Was this article written by an insane person?

    the current Goldilocks state of the North American economy

    What?!

    Much of this conflicts with the view, widely expressed in some form by commentators and political leaders of all stripes, that Canadians will benefit if the prices of things like groceries and houses would only go back to the levels they were at in the good old days, say, before the pandemic, so that people could afford them.

    so that people could afford them.

    🤯🤯🤯

    No shit?